Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below DINGDONG CORPORATION Comparative Balance Sheet Cash Accounts receivable Prepaid expenses Inventory Equipment Accumulated depreciation equipment Total assets Dec 31, 2021 Assets $ 68.200 10.000 9.000 32,900 30,000 (17.000) $ 133, 100 Dec 31, 2020 $ 20,800 16,300 6,000 30,200 60,000 (19 800) $ 113 500 Liabilities and Shareholders' Equity Accounts payable $ 5,600 Bonds payable 50 000 Common shares 23.000 Retained earnings 54 500 Total liabilities and shareholders' equity $ 133 100 $ 15,000 40.000 23.000 35500 $ 11,600 Additional information 1. Profit for the year ending December 31, 2021 was $ 39,000 2. Cash dividends of $ 20,000 were declared and paid during the year 3. Equipment with cost of $ 30 000 and accumulated depreciation of $ 11,500 was sold for proceeds of S 22.000 4 Depreciation of property, plant and equipment for the year was properly recorded at $ 8.700. 1. Pront for the year ending December 31, 2021 was $ 39,000 2 Cash dividends of $20,000 were declared and paid during the year 3. Equipment with cost of $30,000 and accumulated depreciation of $ 11,500 was sold for proceeds of S 22,000 4. Depreciation of property, plant and equipment for the year was properly recorded at $ 8,700. Instructions (show all calculations) a) Prepare a cash flow statement for the year ended December 31, 2021, using the Indirect method. (copy & use the format below) b) Calculate free cash flow. DINGDONG CORPORATION Cash Flow Statement Year Ended December 31, 2021 Operating activities Profit Adjustments to reconcile profit to net cash provided (used) by operating activities Net cash provided (used) by operating activities Investing activities Net cash provided (used) by investing activities Financing activities Net cash provided (used) by financing activities