Question: explanation with solution ( table ) The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2021

 explanation with solution ( table ) The comparative balance sheets for

explanation with solution ( table )

The comparative balance sheets for Jellystone Park Corporation appear below: JELLYSTONE PARK CORPORATION Comparative Balance Sheet Dec. 31, 2021 Dec. 31, 2020 Assets Cash $ 23,000 $ 12,000 Accounts receivable 18,000 14,000 Prepaid expenses. 6,000 9,000 Inventory... 27,000 18,000 Long-term investment in bonds -0- 18,000 60,000 30,000 Equipment.. Accumulated depreciation equipment. (18,000) (14,000) Total assets $ 116,000 $ 87,000 Liabilities and Shareholders' Equity Accounts payable $ 21,000 $ 9,000 Bonds payable. 37,000 45,000 Common shares 40,000 23,000 Retained earnings 18,000 10,000 Total liabilities and shareholders' equity ........ $ 116,000 $ 87.000 Additional information: 1. Profit for the year ending December 31, 2021 was $ 20,000. 2. Cash dividends of $ 12,000 were declared and paid during the year. 3. Long-term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16,000. Required: Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method

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