Question: Selected financial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income Statement Data

 Selected financial statement information and additional data for Diablo Enterprises Go-Kart

Selected financial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income Statement Data Additional Information: 1. Net Income for the year ending December 31,2021 was $$164,000 2. During the year, the company sold equipment at a sale price below its book value. The sale resulted in a loss of $12,000. This equipment's original cost was $147,000. Accumulated depreciation totaled $119,000 on the date it was sold. 3. They purchased new equipment for $266,000. Required: Prepare a statement of cash flows in proper form for the year ending December 31,2021

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