P5-3 Preparing a Statement of Cash Flows (Indirect Method) LO5-2, 5-7 The comparative statements of financial position of Mikos Inc as at December 31, 2020 and 2021 and its statement of earnings for year ended December 31, 2021 are pesented below. Additional information is as follows: a. Land was sold for cash at its carrying amount. b. The short term investments will mature in February 2022. c. Cash dividends were declared and paid in 2021. d. New equipment with a cost of $167,200 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $16,000 were paid in cash, and notes of $36,000 were converted to shares. Required: 1. Prepare a statement of cash flaws for Mloos Inc. for the year ended December 31, 2021 by using the indirect method. (Negative 2. This part of the question is not part of your Connect assignment. 3. This part of the question is not part of your Connect assignment