Exercise 11-10B Prepare a statement of cash flows-indirect method (LO11-3, 11-4, 11-5) The balance sheets for a company, along with additional information, are provided below: Balance Sheets Assets December 31, 2021 and 2020 2021 2020 Current assets: Cash Accounts receivable. Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 112,000 $ 120,000 78,000 95,000 92,000 80,000 4,000 2,000 480,000 480,000 790,000 (428,000) $1,131,000 670,000 (268,000) $1,176,000 $ 99,000 $ 85,000 6,000 8,000 12,000 5,000 100,000 200,000. 700,000 218,000 $1,131,000 700,000 174,000 $1,176,000 Additional Information for 2021: 1. Net income is $69,000. 2. The company purchases $120,000 in equipment. 3. Depreciation expense is $160,000. 4. The company repays $100,000 in notes payable. 5. The company declares and pays a cash dividend of $25,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)