(14) Prepare a statement of cash flows for 2021 using the indirect method. Additional information: (1). Net income for 2021 was $103,000. (2). Depreciation expense was $32,000. (3). Cash dividends of $45,000 were declared and paid. (4). Bonds payable amounting to $50,000 were redeemed for cash $50,000. (5). Common stock was issued for $42,000 cash. (6). No equipment was sold during 2021. (). Land was sold for its book value of $27,000. Here are comparative balance sheets for Saleh Company. Saleh Company Comparative Balance Sheets December 31 Cash Assets 2021 2020 $ 73,000 S 33,000 Accounts receivable 85,000 71,000 Inventory 170,000 187,000 Land 73,000 100.000 Equipment 260.000 200.000 Accumulated depreciation equipment (66,000 (34.000) Total S 595,000 S 557,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock (81 par) Retained earnings Total $ 35,000 $ 47,000 150,000 200,000 216,000 174.000 194.000 136.000 S 595,000 S 557,000