The following information is taken from Karen Corporation's financial statements: Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents December 31 2021 2020 $ 65,520 $ 28,080 106,080 83,200 (4,680) (3,224) 166,400 182,000 7,800 7,072 104,000 62,400 305,760 253,760 (33,280) (13,520) 20,800 36,400 $738,400 $636,168 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings-appropriated Retained earnings-unappropriated Treasury stock, at cost $ 93,600 56,160 130,000 104,000 83,200 287,040 (15,600) $738,400 $ 87,360 65,520 62,400 104,000 10,400 314,808 (8,320) $636,168 Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on sale of patents For 2021 Year $81,432 19,760 5,200 36,400 none Prepare a statement of cash flows for Karen Corporation for the year 2021. (Use the indirect method.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Karen Corporation Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash TCash Flows from Operating Activities TNet Income Adjustments to reconcile net income to TNet Cash Provided by Operating Activities Depreciation Expense Patent Amortization TIncrease in Accounts Receivable TIncrease in Prepaid Expenses Decrease in Inventory TIncrease in Accounts Payable Increase in Accounts Payable v TDecrease in Accrued Liabilities TNet Cash Provided by Operating Activities TCash Flows from Investing Activities Purchase of Land Purchase of Buildings Sale of Patents TNet Cash Used by Investing Activities TCash Flows from Financing Activities TPurchase of Treasury Stock T Payments of Cash Dividends Sale of Bonds * ... - TSale of Patents TNet Cash Used by Investing Activities TCash Flows from Financing Activities Purchase of Treasury Stock T Payments of Cash Dividends sale of Bonds T Net Cash Used by Financing Activities Net Increase in Cash Cash, January 1, 2021 Cash, December 31, 2021