15 2 Points: Prepare a cash flow statement in good form from the following information for the Jace Corporation in their first year of operation, ending December 31, 2021: Net Income $105,000 Depreciation Expense $5,000 Changes in Assets/Liabilities that Affect Operating Cash Flow: Increase/(Decrease) in Accounts Receivable $7600 Increase/(Decrease) in Inventory ($3700) Increase/(Decrease) in Accounts Payable $5800 Increase/(Decrease) in Accrued Expenses Payable $6200 Other information; The Company Issued $500,000 5 year bonds for cash The Company issued and sold 5000 $1 par value stock for $70,000 The Company purchased equipment for $450,000 The Company purchased Long Term Securities for $150,000. Cash Balance at year end per Balance Sheet $88,100