Condensed financial data follow for Cullumber Ltd. E-Perform reports under ASPE. CULLUMBER LTD. Balance Sheet December 31 Assets 2021 2020 Cash $94,420 $48,000 Accounts receivable 76,400 43,100 Inventory 128,000 95,450 Prepaid expenses 38,100 26,700 Long-term investments 127,300 113,300 Property, plant, and equipment 274.000 240.900 Accumulated depreciation (49,200) (52,500) Total assets $689,020 $514,950 Liabilities and Shareholders' Equity Accounts payable $90,800 $79,100 Accrued expenses payable 11,400 7,200 Notes payable 100,400 139,700 Common shares 231,200 173,100 Retained earnings 255,220 115,850 Total liabilities and shareholders' equity $689.020 $514.950 CULLUMBER LTD. Income Statement Year Ended December 31, 2021 Sales $493,400 Cost of goods sold 185,200 Gross profit 308,200 Operating expenses $58,000 Depreciation expense 45.000 Loss on sale of equipment 7,480 110,480 Profit from operations 197,720 Other expenses Interest expense 3,520 Profit before income tax 194,200 Income tax expense 42,200 Profit $152.000 Additional information: 1. New equipment costing $90,500 was purchased for $32,300 cash and a $58,200 note payable. 2. Equipment with an original cost of $57,400 was sold at a loss of $7,480. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash. Prepare a cash flow statement for the year using the Indirect method. (Show amounts that decrease cash flow with either a signe...15,000 or in parenthesis e.g. 115.0001 . CULLUMBER LTD. Cash Flow Statement Indirect Method cash and issuing a note Note X Equipment was purchased by payings payable for Adjustments to Reconcile Profitto PPPPPPPP