The net changes in the balance sheet accounts of Brenda, Inc. for the year 2021 are shown below: Credit Debit 149,000 $ $ 63,100 10,200 197,900 22,000 149,000 414,000 645,000 105,000 26,500 Account Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Long-term investments Land Buildings Machinery Office Equipment Accumulated depreciation: Buildings Machinery Office Equipment Accounts payable Accrued liabilities Dividends payable Premium on bonds Bonds payable Preferred stock ($50 par) Common stock ($10 par) Additional paid-in capital-common Retained earnings 24,500 18,900 12,000 183,500 73,100 127,500 37,200 930,000 73,000 155,950 251,950 66,500 $1,867,900 $1,867,900 Additional information: 1. Net income $158,500 2. Cash dividends of $127,500 were declared December 15, 2021, payable January 15, 2022. A 5% stock dividend was issued March 31, 2021, when the market value was $20 per share. 3. The long-term investments were sold for $136,000. 4. A building and land which cost $484,500 and had a book value of $351,000 were sold for $417,000. The cost of the land, included in the cost and book value above, was $20,500. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery 160,000 Accumulated Depreciation-Machinery 44,500 Machinery 55,000 Cash 149,500 6. A fully depreciated copier machine which cost $26,500 was written off. 7. Preferred stock of $73,000 par value was redeemed for $98,600. 8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2021 for $28 a share. There were 87,495 shares outstanding on December 31, 2021. 9. Bonds were sold at 104 on December 31, 2021. 10. Land that was condemned had a book value of $240,000. Proceeds received totaled $104,000. Prepare a statement of cash flows (indirect method). Ignore tax effects. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Brenda, Inc. Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease in Cash Adjustments to reconcile net income to Adjustments to reconcile net income to $ A The net changes in the balance sheet accounts of Brenda, Inc. for the year 2021 are shown below: Credit Debit 149,000 $ $ 63,100 10,200 197,900 22,000 149,000 414,000 645,000 105,000 26,500 Account Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Long-term investments Land Buildings Machinery Office Equipment Accumulated depreciation: Buildings Machinery Office Equipment Accounts payable Accrued liabilities Dividends payable Premium on bonds Bonds payable Preferred stock ($50 par) Common stock ($10 par) Additional paid-in capital-common Retained earnings 24,500 18,900 12,000 183,500 73,100 127,500 37,200 930,000 73,000 155,950 251,950 66,500 $1,867,900 $1,867,900 Additional information: 1. Net income $158,500 2. Cash dividends of $127,500 were declared December 15, 2021, payable January 15, 2022. A 5% stock dividend was issued March 31, 2021, when the market value was $20 per share. 3. The long-term investments were sold for $136,000. 4. A building and land which cost $484,500 and had a book value of $351,000 were sold for $417,000. The cost of the land, included in the cost and book value above, was $20,500. 5. The following entry was made to record an exchange of an old machine for a new one: Machinery 160,000 Accumulated Depreciation-Machinery 44,500 Machinery 55,000 Cash 149,500 6. A fully depreciated copier machine which cost $26,500 was written off. 7. Preferred stock of $73,000 par value was redeemed for $98,600. 8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2021 for $28 a share. There were 87,495 shares outstanding on December 31, 2021. 9. Bonds were sold at 104 on December 31, 2021. 10. Land that was condemned had a book value of $240,000. Proceeds received totaled $104,000. Prepare a statement of cash flows (indirect method). Ignore tax effects. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Brenda, Inc. Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease in Cash Adjustments to reconcile net income to Adjustments to reconcile net income to $ A