Below is a comparative statement of financial position for Egglestone Vibe inc, as at December 31. 2021 : Additional intormation: 1. Net income for the 2021 fiscal year was $24,700. 2. During 2021 land was purchased for expansion purposes. Six months laser, another section of land with a carrying value of $111,800 was sold for $150,000 cash. 3. On June 15,2021 , notes payable of $160,000 were retired in exchange for the issuance of common shares. On December 31,2021 , notes payable for $10.500 were issued for additional cash flow. 4. Avalable for sale irvestments (FVOCI) were purchased during 2021 for $20,000 cash. By year-end, the far value of this portlolio dropped to $81,900. No investments from this portfolio were sold in 2021 . Exercises =135 5. At year-end, plant assets criginally costing $53,000 were sold for $27,300, since they were no longer contributing to profits. At the date of the sale, the accumulated depreciation for the asset sold was $15,600. 6. Cash dividends were declared and a portion of those were paid in 2021. Dividends are reported under the financing section. 7. Goodwill impairment loss was recorded in 2021 to reflect a decrease in the recoverable amount of goodwill. Required: a. Prepare a statement of cash flows in good form, including all required disclosures identified in Chapter 4, The company uses the indirect method to prepare the statement. b. Analyze and comment on the results reported in the statement