The following are comparative balance sheets and an income statement for Wentworth Company.

Wentworth Company
Balance Sheets
as of December 31
	2021			2020
Cash	$	21,500		$	120,000
Accounts receivable		195,000			105,000
Inventory		180,000			225,000
Long-term investments		0			60,000
Total assets	$	396,500		$	510,000
Liabilities and shareholders' equity
Accounts payable	$	75,000		$	120,000
Operating expenses payable		24,000			15,000
Bonds payable		70,000			100,000
Common stock		125,000			125,000
Retained earnings		102,500			150,000
Totals	$	396,500		$	510,000

Wentworth Company
Income Statement
For the Year Ended December 31, 2021
Sales				$	560,000
Cost of goods sold:
Beginning inventory	$	225,000
Purchases		330,000
Goods available for sale		555,000
Less: ending inventory		180,000
Cost of goods sold					375,000
Gross profit					185,000
Operating expenses					180,000
Income from operations					5,000
Other expenses:
Loss on sale of long-term investment					(7,500	)
Net loss				$	(2,500	)

Cash dividends of $45,000 were paid in 2021. Required: Prepare a statement of cash flows for 2021 using the direct method.