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The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and...

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Accounting

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The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and 2021 and its statement of earnings for the year ended December 31,2021 are presented below: Additional information is as follows: a. Land wos sold for cash at its carrying amount. b. The shortterm investments will mature in February 2022 c. Cosh dividends were deciared and poid in 2021 . d. New equipment with a cost of $166.500 was purchased for cash, and old equipment was soid at its cartying omounci e. Longterm notes of $12.500 were paid in cosh, and notes of $32.500 were converted to shares. Additional information is as follows: a. Land was sold for cash at its carying amount. b. The short-term investments will mature in February 2022 c. Cash dividends were declared and paid in 2021. d. New equipment with a cost of $166.500 was purchased for cash, and oid equipment was sold at its carrying amount. e. Long-term notes of $12,500 were paid in cash, and notes of $32,500 were converted to shares. Required: 1. Prepare a statement of cash flows for Mikos inc. for the year ended December 31,2021 by using the indirect method. (Negative answers should be indleated by a minus slgn.)

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