Solpoder Corporation has the following comparative financial statements:

Dividends of $17,100 were paid. No equipment was purchased or retired during the current year.

Required:

Prepare a statement of cash flows using the direct method.

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Assets Cash Solpoder Corporation Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 Accounts receivable, net Inventory Plant and equipment Accumulated depreciation Total assets Liabilities and equity Accounts payable Common stock Retained earnings Total liabilities and equity $ 49,500 135,000 27,000 180,000 (36,000) $355,500 $ 57,600 190,800 107,100 $355,500 20X2 $ 81,000 108,000 54,000 180,000 (45,000) $378,000 $ 18,000 207,000 153,000 $378,000