Question 08 (07 points) Beta Corporation's comparative balance sheets are presented below. Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-Equipment Total assets Accounts payable Interest payable Bonds payable (Long term) Share Capital-Ordinary Retained earings Total liabilities and stockholders' equity Beta Corporation Comparative Statement of Financial Position Dec. 31, 2021 Assets $ 30,700 10,600 14,000 25,000 $ 59,000 (15,200) 43,800 $ 124,100 Liabilities and Stockholders' Equity $ 8,000 6,000 5,000 52,000 53,100 $.124.100 Dec. 31, 2020 $70,000 (10,000) $ 22,000 13,300 9,000 16,000 60,000 $ 120,300 $ 9,000 2,100 30,000 45,000 34,200 $120.300 Per Net income for the year ending December 31, 2021 was $28,500. Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $10,800. Depreciation expense for 2021 is $7,200. Cash dividends were declared and paid during the year 2021: $9,600. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare the statement of cash flows for the year ended December 31, 2021.