The following information is provided for Crane's Chocolate Company: CRANE CHOCOLATE COMPANY Balance Sheet May 31 Assets 2021 2020 Cash $30,925 $45,000 Accounts receivable 86,200 77,000 Inventory 177,000 158,000 Prepaid expenses 5,200 6,700 Land 127,000 76,000 Equipment 312,000 192,000 Accumulated depreciation-equipment (70,200) (38,000 ) Total assets $668,125 $516,700 Liabilities and Shareholders' Equity Accounts payable $41,800 $38,000 Dividends payable 6,700 5,200 Income taxes payable 2,400 6,200 Mortgage payable 124,000 78,000 Common shares 215,000 164,000 Retained earnings 278,225 225,300 Total liabilities and shareholders' equity $668,125 $516,700 Additional Information: 1. Profit for 2021 was $113,925. 2. Common shares were issued for $51,000. 3. Land with a cost of $51,000 was sold at a loss of $19,200. 4. Purchased land with a cost of $102,000 with a $56,000 down payment and financed the remainder with a mortgage note payable. 5. No equipment was sold during 2021. 6. Net sales for the year were $673,400. 7. Cost of goods sold for the year was $399,600. 8. Operating costs, including depreciation expense, were $97,500. 9. Interest expense was $5,200. 10. Income tax expense was $37,975. 11 Accounts payable is used for merchandise purchases. Prepare a cash flow statement for the year using the direct method. (Show amounts that decrease cash flow with either a-sign eg -15,000 or in parenthesis eg. (15,000).)