Using the balance sheet from the end of last year (when the company was still a proprietorship) and the balance sheet just created, prepare a cash flow statement using the indirect method. Round answers to the nearest whole number.

Note: No Property, Plant and Equipment was sold during the year.

Amortized bond discount or premium should be added to the operating activities, if there is any. Carrying amount of the bonds should be presented in the financing activities.

Prepare a Classified Balance Sheet at December 31, 2021. Round answers to the nearest whole number.
Holister Electric Inc.
Balance Sheet
As at December 31, 2021
Assets
Current Assets
Cash				$17,183
Short-Term Investments				125,200
Accounts Receivable				35,770
Inventory				142,000
Prepaid Insurance				21,300
Total Current Assets				341,453
Long Term Assets
Property Plant and Equipment				$291,400
Less: Accumulated Depreciation				$87,000
Net: Property/PlantEquipment				204,400
Total Assets				545,853
Liabilities
Current Liabilities
Accounts Payable				87,000
Unearned Revenue				$10,160
Long Term Liabilities
Bank Loan				260,000
Total Liabilities				357,160
Shareholders Equity
Common Stock				169,453
Retained Earnings				19,240
Total Shareholders equity				$188,693
Shareholders Equity and Liabilties				545,853

Holister Electric Inc.
Cash Flow Statement
For the Year Ended December 31, 2021