The statements of financial position for Jood Company showed the following information. Additional information concerning transactions and events during 2020 are presented below.

Jood Company

Statements of Financial Position December 31

2021 2020

Property, plant & equipment 236,500 150,000

Accumulated depreciation (37,700) (25,000)

Long-term investments 0 15,000

Inventory 35,000 42,000

Accounts receivable (net) 43,300 20,300

Cash 24,900 10,200

308,000 212,500

Share capital-ordinary 130,000 90,000

Retained earnings 70,000 29,000

Long-term notes payable 100,000 50,000

Accounts payable 21,000 17,000

Accrued liabilities 17,000 26,500

308,000 212,500

Additional data:

1. Net income for the year 2019, 82,000.

2. Depreciation on plant assets for the year, 12,700.

3. Sold the long-term investments for 28,000.

4. Paid dividends of 35,000.

5. Purchased machinery costing 26,500, paid cash.

6. Purchased machinery and gave a 60,000 long-term note payable.

7. Paid a 10,000 long-term note payable by issuing ordinary shares.

Instructions

Prepare a statement of cash flows (using the indirect method) for 2021 for Jood Company.