Current Attempt in Progress Information from the Balance Sheet and Income Statement for Martinez Inc., a private company reporting under ASPE, for ended December 31, is given below. Comparative Balance Sheet 2021 2020 Cash $ 92.150 $ 46,150 Accounts receivable P0.700 36.150 Inventory 122.000 102.550 Investments in land 85.100 107.150 Property, plant, and equipment 285.200 201.000 Accumulated depreciation (48.260) (39.000) $626.890 $454.000 Accounts payable $521700 $48.410 Accounts payable $52.700 $48,410 Accrued expenses payable 11.700 19,010 Bonds payable 140,000 70.000 Common shares 250,000 195.000 Retained earnings 172.490 121.580 $626.890 $454.000 Revenues Sales $286.500 Gain on disposal of equipment 7.750 294.250 Expenses Cost of goods sold $ 95,650 Expenses Cost of goods sold $ 95,650 Depreciation expense 56,100 Operating expenses 14.270 Income tax expense 36,800 Interest expense 2.710 205.530 Profit $ 88,720 Additional Information: 1. Investments inland were sold at cost during 2021. 2. Equipment costing $55.200 was sold for $16.110. resulting in a gain. 3. Common shares were issued an exchange for some equipment during the year. No other shares were issued. 4 The remaining purchases of equipment were paid for in cash. Prepare a Cash Flow Statement for the year ended December 31, 2021 using the indirect method. (Show amounts that decre flow with either a -sign eg.-15,000 or in parenthesis eg. (15,000).) MARTINEZ INC. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to Note X: Significant noncash investing and inancing activities: Equipment with a cost of $ was exchanged for common shares. Attempts: 0 of 1 used