The partial comparative balance sheets of High Movie Company at March 31, 2021, reported the following: March 31 2021 2020 Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses $7,000 14,800 63,900 3,400 $16,000 22,200 60,700 1,600 Current liabilities: Accounts payable Accrued liabilities Income tax payable 57,700 14.600 14,400 55,300 16,700 10,800 High's transactions and results for the year ended March 31, 2021 also included the following: Acquisition of land by issuing note payable Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Sale of long-term investment for cash Depreciation expense Cash purchase of building Net income Issuance of common shares for cash Share dividend $101,000 31,000 78,600 45,000 13,300 15,000 44,000 57,000 8,000 18,000 Required: Prepare High Movie Company's statement of cash flows for the year ended March 31, 2021, using the indirect method to report cash flows from operating activities