34 !! Crane Corporation's comparative balance sheet is presented below. CRANE CORPORATION Balance Sheet December 31 Assets 2021 Cash $17.450 Accounts receivable 25,860 Land 24,400 Buildings 85,400 Accumulated depreciation-buildings (18,300) Total $134,810 Liabilities and Shareholders' Equity Accounts payable $15,090 Common shares 91.500 Retained earnings 28,220 Total $134810 2020 $13,050 28,550 31.720 85,400 (12.200 $146,520 $37.940 84,180 24,400 $146,520 Additional information 1 2. 2 Pront was $27,610, Dividends declared and paid were $23.790. No noncash investing and financing activities occurred during 2021. The land was sold for cash of $5,980 resulting in a loss of 1,340 on the sale of the land. Prepare a cash flow statement for 2021 using the Indirect method to Corporation reports under ASPE: (Show amounts that decrease cash flow with either a sign -15,000, or in parenthesse. (15.000 Additional information 1. 2. 3. Profit was $27.610. Dividends dedared and paid were $23.790. No noncash investing and financing activities occurred during 2021. The land was sold for cash of $5,980 resulting in a loss of $1,340 on the sale of the land, Prepare a cash flow statement for 2021 using the indirect method. tu Corporation reports under ASPE(Show amounts that decrease cash flow with either a-skenes. 15,000, or in parenthesis 0.5. (15,000. CRANE LIMITED Cash Flow Statement-Indirect method Adjustments to reconcile profitto o a . 2 3 G 2 OM AND P1130 * % 5 & 7 ( 9 ) 0 + 11 4 6 8 R T Y U I O