Presented below are the comparative balance sheets for Mohsin Company at December 31. MOHSIN COMPANY Comparative Balance Sheets December 31 Assets 2021 2020 Cash $41,000 $57,000 Accounts receivable 77,000 64,000 Inventory 172,000 150,000 Prepaid expenses 12,140 16,540 Land 110,000 140,000 Equipment 215,000 175,000 Accumulated depreciation equipment (70,000) (42,000) Building 250,000 250,000 Accumulated depreciation building (70,000) (50,000) Total $737,140 $760,540 Liabilities and Stockholders Equity Accounts payable $58,000 $45,000 Bonds payable 245,000 265,000 Common stock, $1 par 270,000 250,000 Retained earnings 164,140 200,540 Total $737,140 $760,540 Additional information: 1. Operating expenses include depreciation expense $53,000 and charges from prepaid expenses of $4,400. 2. Land was sold for cash at cost. 3. Cash dividends of $84,290 were paid. 4. Net income for 2021 was $47,890. 5. Equipment was purchased for $80,000 cash. In addition, equipment costing $40,000 with a book value of $35,000 was sold for $37,000 cash. 6. Bonds were converted at face value by issuing 20,000 shares of $1 par value common stock. Instructions: Prepare a statement of cash flows for 2021 using the indirect method.