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Exercise 12
The following information is available for Umbrella Corporation for the year ended December 31, 2021:
	Collection of principal on long-term loan to a supplier		40,000
	Acquisition of equipment for cash		15,000
	Proceeds from the redemption of long-term investment at carrying value		27,000
	Issue of common shares for cash		25,000
	Depreciation expense		25,000
	Redemption of bonds payable at amortized cost		24,000
	Payment of cash dividends		14,000
	Profit		30,000
	Purchase of land by issuing bonds payable		40,000
In addition, the following information is available from the comparative balance sheet for Umbrella at the end of 2020 and 2021:
			2,021	2,020
	Cash		102,000	14,000
	Accounts receivable (net)		20,000	15,000
	Prepaid insurance		17,000	13,000
	Total current assets		139,000	42,000
	Accounts payable		25,000	19,000
	Salaries payable		4,000	7,000
	Total current liabilities		29,000	26,000
Instructions
Prepare Umbrella's cash flow statement for the year ended December 31, 2021, using the indirect method.