The Hog Penny is a bar and restaurant, serving many communities in Saskatchewan. The December 31, 2021 and 2020 balance sheet and income statement is shown below. ASSETS Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation Total Assets 2021 $ 35,000 52,800 117.000 375,000 (82.000) $497.800 2020 $ 15.000 40.000 101,500 350,000 75.000) $431500 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $54,000 Salares payable 20,000 Bonds payable 110,000 Long-term notes payable 65 000 Common shares 115,000 Retained earnings Total Liabilities and Equity $497 800 $46,700 25,000 135,000 133 800 110,000 114.800 $431 500 The 2021 Income Statement was as follows: $664,000 Sales Expenses Cost of goods Wages expense Rent expense Supplies expense Depreciation Total expenses Operating income Loss on retirement of bonds Gain on sale of plant asset Profit $350,000 125.000 80,000 27.000 10000 592.000 72,000 (15.000) 12.000 $89.000 ADDITIONAL INFORMATION: 1. Gain on sale of equipment was $12,000. This resulted from a sale of equipment which had an original cost of $50,000 and accumulated depreciation of $3,000. The equipment was sold for $59,000 cash. 2. Equipment costing $75,000 were purchased using $10,000 in cash and the remainder was financed with a long-term note payable. 3. Loss on retirement of bonds was $15,000. This resulted from a retirement of bonds which had been originally sold for $25,000. The bonds were purchased back for $40,000 cash paid. 4. Increase in common shares accounts is due to issuance of 2,000 common shares. 5. Paid cash dividends of $50,000. REQUIRED: Prepare a Cash Flow Statement for Hog Penny Corporation using proper format for December 31, 2021