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The following information is taken from Patricia Corporation's financial statements:
| | | December 31 |
| | | 2021 | | | 2020 | |
| Cash | | $ 68,040 | | | $ 29,160 | |
| Accounts receivable | | 110,160 | | | 86,400 | |
| Allowance for doubtful accounts | | (4,860) | | (3,348) |
| Inventory | | 172,800 | | | 189,000 | |
| Prepaid expenses | | 8,100 | | | 7,344 | |
| Land | | 108,000 | | | 64,800 | |
| Buildings | | 317,520 | | | 263,520 | |
| Accumulated depreciation | | (34,560) | | (14,040) |
| Patents | | 21,600 | | | 37,800 | |
| | | $766,800 | | | $660,636 | |
| | | | | | | |
| Accounts payable | | $ 97,200 | | | $ 90,720 | |
| Accrued liabilities | | 58,320 | | | 68,040 | |
| Bonds payable | | 135,000 | | | 64,800 | |
| Common stock | | 108,000 | | | 108,000 | |
| Retained earningsappropriated | | 86,400 | | | 10,800 | |
| Retained earningsunappropriated | | 298,080 | | | 326,916 | |
| Treasury stock, at cost | | (16,200) | | (8,640) |
| | | $766,800 | | | $660,636 | |
| | | For 2021 Year |
| Net income | | $84,564 | |
| Depreciation expense | | 20,520 | |
| Amortization of patents | | 5,400 | |
| Cash dividends declared and paid | | 37,800 | |
| Gain or loss on sale of patents | | none | |
Prepare a statement of cash flows for Patricia Corporation for the year 2021. (Use the indirect method.)
Patricia Corporation Statement of Cash Flows Increase (Decrease) in Cash Adjustments to reconcile not income to
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