The following financial statements and information relate to GHU Inc. GHI Inc. Balance Sheet as at December 31 20x2 20x1 Assets Cash $ 11,000 $ 9,000 50,000 42,700 Accounts receivable Inventory 15,000 21,000 2,500 2,300 Prepaid rent 920,000 Property, plant and equipment 900,000 Accumulated depreciation (233,000) (225,000) $743.500 $772.000 Liabilities and Shareholders' Equity Accounts payable $ 22,900 $ 25,100 1,600 1,180 Salaries payable 146,000 Bank loan payable 66,000 80,000 80,000 Common stock 573,000 519.720 Retained earnings $743.500 $772.000 GHI Inc. Statement of Income For the year ended December 31, 20x2 $600,000 Revenue 195.000 Cost of goods sold 405,000 Gross margin Operating expenses $90,000 Salaries 60,000 Depreciation 182.370 332.370 Other 72,630 Operating income 3,350 Interest expense 3,000 6,350 Loss on sale of equipment $ 66.280 Net income The company sold excess equipment with an original cost of $60,000. Required - Prepare a statement of cash flows for the year ended December 31, 20x2. Show your supporting calculations