A comparative balance sheet for B.C. Ltd. is presented as follows: Balance Sheet 2021 2020 Assets $ Cash 300 490 Accounts receivable 1,070 810 Inventory 1,350 1,380 Equipment 5,150 3,190 Less: Accum. Depreciation (800) (1,000) Liabilities Accounts payable Accrued expense Bonds payable (Long-term) 810 50 1,600 570 80 770 Shareholder's Equity Common shares Retained earnings 3,590 1,020 2,590 860 Income Statement Revenues Sales 2021 $. 13,330 2020 $ 11,280 Expenses and others Cost of goods sold Other expenses Depreciation expense Loss on sale of old equipment 9,620 1,950 1801 350 8,550 1,620 160 Net income 1,230 950 During 2021, the company sold some of their old equipment. $3,200 of new equipment items were acquired by issuing common shares of $600, and the balance paid with cash. 3 Optional table (no marks will be given to this table) 2020 + 2021 Cash Accounts Receivable Inventory Equipment Accumulated Dep Accounts Payable Accrued Expenses Bonds Payable Common Shares Retained Earnings 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) $ S