A comparative balance sheet for ABC Ltd. is presented as follows: Balance Sheet 2021 2020 Assets Cash Accounts receivable Inventory Equipment Less: Accum. Depreciation $ 300 1,170 1,250 5,150 (800) $ 490 810 1,380 3,190 (1,000) Liabilities Accounts payable Accrued expense Bonds payable (Long-term) . 810 50 1,600 . 570 80 770 Shareholders Equity Common shares Retained earnings . 3,590 1,020 . 2,590 860 Income Statement 2021 2020 Revenues Sales $. 13,330 $ 11,280 Expenses and others Cost of goods sold Other expenses Depreciation expense Loss on sale of old equipment 9,620 1,950 180 350 8,550 1,620 160 0 Net income 1,230 95

During 2021, the company sold some of their old equipment. $3,500 of new equipment items were acquired by issuing common shares of $900, and the balance paid with cash. REQUIRED: Use Direct method to prepare in good form the 2021 Statement of Cash Flows for the company. (Cash flows from operating activities and financing activities ONLY)