The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and 2021 and its statement of earnings for the year ended December 31, 2021 are presented below: Assets Cash MIKOS INC. Comparative Statements of Financial Position December 31 2021 2020 $ 10,000 $ 18,000 Short-term investments 62,000 33,000 Accounts receivable 73,000 30,000 Inventories, at cost 56,000 41,000 Prepaid expenses 5,000 8,000 Land 49,000 75,000 Property, plant, and equipment, net 284,000 184,000 25,000 30,000 $564,000 $419,000 Intangible assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued liabilities Long-term notes payable Contributed capital Retained earnings $ 18,000 $ 42,000 8,000 11,000 2,000 -0- 120,000 170,000 220,000 65,000 187,000 140,000 MIKOS INC. Statement of Earnings $564,000 $419,000 For the Year Ended December 31, 2021 Sales Cost of sales Amortization expense-intangible assets Depreciation expense-property, plant, and equipment Operating expenses Interest expense Earnings before income taxes Income tax expense Net earnings $880,000 $440,000 5,000 34,000 231,000 13,000 723,000 157,000 47,100 $109,900 Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short-term investments will mature in February 2022. c. Cash dividends were declared and paid in 2021. d. New equipment with a cost of $167,000 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $15,000 were paid in cash, and notes of $35,000 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2021 by using the indirect method. (Negative answers should be indicated by a minus sign.) Cash flows from operating activities: MIKOS INC. Statement of Cash Flows For the Year Ended December 31, 2021 Adjustments to reconcile net earnings to net cash provided by operating activities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Cash and short-term investments, beginning of year Cash and short-term investments, end of year