6. (6 points) Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31. 2021 and 2020. Additional information: Investments were sold at a loss of $25,000; no equipment was sold; cash dividends paid were $75,000; and net income was $400,000. Assets Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Liabilities & Equity Current liabilities Common stock Retained earnings 2021 $ 442,500 450,000 130,000 745,000 (265,000) 335,000 400,000 767,500 2020 $195,000 462,500 185,000 600,000 (222,500) 377,500 400,000 442,500 Required: Prepare a statement of cash flows for 2021 for Garcia Corporation using the indirect method.

6. (6 points) Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31.2021 and 2020. Additional information: Investments were sold at a loss of $25,000; no equipment was sold; cash dividends paid were $75,000; and net income was $400,000. Required: Prepare a statement of cash flows for 2021 for Garcia Corporation using the indirect method