The Extra Surplus Company's Balance Sheet for December 31, 2010 and the Income Statement for 2011 are shown below. Balance Sheet As of December 31, 2010 Cash $ 10,100 Accounts receivable 5,200 Inventory 12,200 Property and equipment, net 20,600 ______________________________________ $ 48,100 ______________________________________ Accounts payable $ 10,200 Note payable, long-term 5,100 Contributed capital 20,500 Retained earnings 12,300 ______________________________________ $ 48,100 ______________________________________ Income statement for 2011 Sales $ 13,000 Cost of goods sold 3,000 Wage expense 3,200 Interest expens 1,100 Other expenses 600 ______________________________________ Net income $ 5,100 ______________________________________ ______________________________________ Additional Data for 2011: Sales were $13,000; $8,200 in cash was received from customers. Bought new land for cash, $10,300. Sold other land for its book value of $5,100. Paid $1,000 principal on the long-term note payable and $1,100 in interest. Issued new shares of stock for $10,500 cash. $1,000 of dividends were declared and paid. Paid $5,600 on accounts payable. No inventory purchases were made; other expenses were incurred on account. All wages were paid in cash. Other expenses were on account (Suppliers). (a) Prepare the statement of cash flows for the year ended December 31, 2011 using the indirect method