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000 in 2021 come se The comparative balance sheets for Snowball Ltd appear below: Dec...

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Accounting

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000 in 2021 come se The comparative balance sheets for Snowball Ltd appear below: Dec 31, 2021 Dec 31, 2020 Assets Cash $39,000 Accounts receivables $10.000 23.000 14,000 Prepaid expenses 6.000 9.000 Inventory 25,000 15,000 Long-term investments 21.000 Equipment 57,000 30.000 Accumulated depreciation equipment (18.000) 14000) Total assets $132.000 $85.000 Liabilities and Shareholders' Equity Accounts payables $31,000 39,000 Mortgage payable 37,000 43,000 Common shares 40,000 23,000 Retained earnings 24.000 Total liabilities and shareholders' equity $132.000 10.000 585.000 Additional information: 1. Net earnings for the year ending December 31, 2021 were $17.000 2. Long-term investments that had a carrying amount of $21,000 were sold for $18,000 in 2021. Required (19 marks): Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method

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