The comparative balance sheets for jay Park Corporation appear below:

JAY PARK CORPORATION

Comparative Balance Sheet

Dec. 31, 2021 Dec. 31, 2020

Assets

Cash.................................................................... $ 23,000.................................................................. $ 12,000

Accounts receivable.............................................. 18,000.......................................................... 14,000

Prepaid expenses................................................. 6,000............................................................ 9,000

Inventory.............................................................. 27,000.......................................................... 18,000

Long-term investment in bonds............................. -0- .................................................................... 18,000

Equipment............................................................ 60,000.......................................................... 30,000

Accumulated depreciation—equipment.................. (18,000)............................................................... (14,000)

Total assets.................................................. $ 116,000................................................................ $ 87,000

Liabilities and Shareholders' Equity

Accounts payable................................................. $ 21,000.................................................................. $ 9,000

Bonds payable...................................................... 37,000.......................................................... 45,000

Common shares................................................... 40,000.......................................................... 23,000

Retained earnings................................................ 18,000.................................................................. 10,000

Total liabilities and shareholders' equity......... $ 116,000................................................................ $ 87,000

Additional information:

1. Profit for the year ending December 31, 2021 was $ 20,000.

2. Cash dividends of $ 12,000 were declared and paid during the year.

3. Long-term investments in bonds that had an amortized cost of $ 18,000 were sold for $ 16,000.

Required:

Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method.