Use the following financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2021 using the indirect method. Kris Kringle, Inc. Balance Sheets At December 31 Assets: Cash 2021 2020 $274.525 $65,200 Accounts receivable, net 52,850 56,750 167.750 144,850 Merchandise inventory Prepaid expenses 16,080 12.680 Equipment 290,600 245,600 Accumulated depreciation-Equipment (80,600) (97.600) Total assets $721,205 $427,480 Liabilities: Accounts payable $55,270 $45,450 Income taxes payable 10,320 12,240 Notes payable (long term) 59,200 79,200 Total liabilities $124,790 $136,890 Equity: Common stock 200,000 150,000 Paid-in capital in excess of par 53,000 40,000