XYZ Inc's comparative balance sheets are presented below.

XYZ Inc.

Comparative Balance Sheets

31-Dec

Additional information:

Net income was $17,700. Dividends declared and paid were $9,300.

Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4000

All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2021 using the indirect method.

Net Income

Depreciation

Loss on equipment sale

Change In A/R

Change in A/P

Cash flow from Operations

Sale of equipment

Change in Investments

Cash from Investing

Change in Bonds Payable

Issue of Common Stock

Dividends

Cash from Financing

Change in Cash