kindly help me answer this cash flow statement using the indirect method

December 31, 2021 and 2020 2021 2020 Assets Cash $ 25,000 $20,000 Accounts receivable, net 60,000 70,000 Inventory 80,000 100,000 Land 50,000 50,000 Building and equipment 130,000 115,000 Accumulated depreciation (B5,000) (70,000) Total assets $ 260,000 $285,000 Liabilities and Stockholders' Equity Accounts payable $ 30,000 $ 35,000 Income taxes payable 4,000 3,000 Wages payable 5,000 3,000 Bonds payable 50,000 60,000 Common stock ($1 per share) 110,000 100,000 Retained earnings 61,000 84,000 Total liabilities and stockholders' equity $260,000 $285,000 * During 2021 cash paid for retirement of notes payable $10,000. Rocket Company Income Statement For the Year Ended December 31, 2021 2021 21 Sales $500,000 Less expenses: Cost of goods sold 330,000 Selling and administrative expenses 90,000 (includes depreciation of $15,000) Interest expense 5,000 Total expenses 425,000 Income before taxes $ 75,000 Income tax expense 30,000 Net income $ 45,000 Dividends paid for 2021 was $68,000 Required: Prepare the statement of cash flows for 2021. (Present cash flows from operations using the indirect approach.) December 31, 2021 and 2020 2021 2020 Assets Cash $ 25,000 $20,000 Accounts receivable, net 60,000 70,000 Inventory 80,000 100,000 Land 50,000 50,000 Building and equipment 130,000 115,000 Accumulated depreciation (B5,000) (70,000) Total assets $ 260,000 $285,000 Liabilities and Stockholders' Equity Accounts payable $ 30,000 $ 35,000 Income taxes payable 4,000 3,000 Wages payable 5,000 3,000 Bonds payable 50,000 60,000 Common stock ($1 per share) 110,000 100,000 Retained earnings 61,000 84,000 Total liabilities and stockholders' equity $260,000 $285,000 * During 2021 cash paid for retirement of notes payable $10,000. Rocket Company Income Statement For the Year Ended December 31, 2021 2021 21 Sales $500,000 Less expenses: Cost of goods sold 330,000 Selling and administrative expenses 90,000 (includes depreciation of $15,000) Interest expense 5,000 Total expenses 425,000 Income before taxes $ 75,000 Income tax expense 30,000 Net income $ 45,000 Dividends paid for 2021 was $68,000 Required: Prepare the statement of cash flows for 2021. (Present cash flows from operations using the indirect approach.)