Problem 12. (35 points) Based on the following information, prepare an indirect method statement of cash flows for the Noodle Manufacturing Corporation.

2021 Financial data follows. All balances are normal. Dec. 31, Dec. 31, 2021 2020 Cash $ 36,000 $29,000 Accounts receivable 125,000 97,000 Inventory 100,000 114,000 Equipment 740,000 600,000 Accum. depreciation 370,000 220,000 Accounts payable 170,000 150,000 Unearned revenue 74,000 44,000 Accrued salaries 25,000 40,000 Taxes payable 9,000 8,000 Long-term notes pay. 50,000 138,000 Common stock 215,000 200,000 Retained earnings 88,000 40,000 Change $ 7,000 28,000 (14,000) 140,000 150,000 20,000 30,000 (15,000) 1,000 (88,000) 15,000 48,000 Sales revenue Cost of sales Salaries expense Depreciation expense Interest expense Gain on sale of equipment Income tax expense Net income $2,800,000 1,600,000 900,000 200,000 20,000 10,000 25,000 $_65.000 Prepare Acme Construction's Statement of Cash Flows for 2021, using the indirect method. Acme Construction Statement of Cash Flows For year ended 12/31/2021 Cash Flows From Operations Net Income Depreciation Sale of Equipment Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Unearned Revenue Change in Accrued Salaries Change in Tax Payable Net Cash from Operations Activities $65,000 $200,000 ($10,000) ($28,000) $14,000 $20,000 $30,000 ($15,000) $1,000 $277,000 Cash Flows From Investing Purchase of Equipment Sale of Equipment Net Cash from Investing Activities ($290,000) $100,000 ($190,000) Cash Flows From Financing Issuance of Common Stock Dividend Paid ($40,000 + $65,000 - $88,000) Notes Payable Paid Net Cash from Financing Activities $15,000 ($17,000) ($88,000) ($90,000) Net Increase in Cash Cash - Beginning of the Year Cash - End of the Year $7,000 $29,000 $36,000