Cullumber Ltd., a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and 2020. CULLUMBER LTD. Balance Sheet May 31 Assets Cash Accounts receivable 2021 2020 $20,000 $42,500 82,700 Inventory 167,000 74.500 155,500 Prepaid expenses 4,200 4 5.700 Land 114.500 71,000 Equipment 302.000 182.000 Accumulated depreciation (60,200) (35.500 Total assets $630.200 $495,700 Liabilities and Shareholders' Equity Accounts payable $40.300 $35.500 Dividends payable 5,700 4.200 Income taxes payable Mortgage payable 1.400 5.200 114.000 75.500 Common shares 210.000 161.500 Retained earnings 258.800 213,800 Total liabilities and shareholders' equity $630.200 $495,700 1 Additional Information: Proht for 2021 was $103.500 2 Common shares were issued for $48,500. 3 4 Land with a cost of $48.500 was sold at a loss of $18,200. Purchased land with a cost of $92.000 with a $53.500 down payment and financed the remainder with a mortgage note payable 5. No equipment was sold during 2021 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 eg. (15,000).) CULLUMBER LTD. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to > > Note X: Land with as cost of $ was purchased by paying $ cash and issuing a mortgage note payable for $