Prepare a statement of cash flows (using the indirect method) for 2021 for Melissa Company. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The balance sheets for Melissa Company showed the following information. Additional information concerning transactions and events during 2021 are presented below. Melissa Company Balance Sheet December 31 Cash Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings 2021 $ 35,535 49,795 40,250 271,975 (43,355) $354,200 $ 19,550 24,150 80,500 149,500 80,500 $354,200 2020 $ 11,730 23,345 48,300 17,250 172,500 (28,750) $244,375 $ 30,475 19,550 57,500 103,500 33,350 $244,375 Additional data: 1. Net income for the year 2021, $70,150. 2. Depreciation on plant assets for the year, $14,605. 3. Sold the long-term investments for $37,950 (assume gain or loss is ordinary). 4. Paid dividends of $23,000. 5. Purchased machinery costing $30,475, paid cash. 6. Purchased machinery and gave a $69,000 long-term note payable. 7. Paid a $46,000 long-term note payable by issuing common stock. Prepare a statement of cash flows (using the indirect method) for 2021 for Melissa Company. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Melissa Company Statement of Cash Flows Increase (Decrease) in Cash $ Adjustments to reconcile net income to $ > Adjustments to reconcile net income to > > > $ $ $ $