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: MIKOS INC. Comparative Statements of Financial Position December 31 2021 2020 Assets Cash $ 9,100 $ 17,100 Short-term investments 46,700 21,300 Accounts receivable 68,500 26,400 Inventories, at cost 54,200 40,100 Prepaid expenses 4,100 6,200 Land 45,400 70,500 Property, plant, and equipment, net 280,400 179,500 24,100 28,200 $532,500 $389,300 Intangible assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued liabilities Long-term notes payable Contributed capital Retained earnings $ 17,100 $ 40,200 6,200 1,100 10,100 -0- 111,000 152,000 202,000 60,500 186,100 135,500 Sales Cost of sales MIKOS INC. $532,500 $389,300 Statement of Earnings For the Year Ended December 31, 2021 Amortization expense-intangible assets Depreciation expense-property, plant, and equipment Operating expenses Interest expense Earnings before income taxes Income tax expense Net earnings $853,000 $431,000 4,100 33,100 222,000 12,100 702,300 150,700 45,210 $105,490 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 $166,100 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $10,500 were paid in cash, and notes of $30,500 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 Net earnings 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: 105,490 $ 105,490 0 Net cash flow from financing activities 0 105,490 Cash and short-term investments, beginning of year Cash and short-term investments, end of year $ 105,490