A comparative balance sheet for Hartman Corporation is presented below: HARTMAN CORPORATION Comparative Balance Sheet 20

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A comparative balance sheet for Hartman Corporation is presentedbelow:
HARTMAN CORPORATION
Comparative Balance Sheet
2021 2020
Assets
Cash $ 46,000 $ 31,000
Accounts receivable(net) 70,000 60,000
Prepaidinsurance 25,000 17,000
Land 18,000 40,000
Equipment 70,000 60,000
Accumulateddepreciation (20,000) (13,000)
TotalAssets $209,000 $195,000
Liabilities and Stockholders' Equity
Accountspayable $ 11,000 $ 6,000
Bondspayable 27,000 19,000
Commonstock 140,000 115,000
Retainedearnings 31,000 55,000
Totalliabilities and stockholders'equity $209,000 $195,000
Additional information:
1. Net loss for 2021 is$10,000.
2. Cash dividends of$14,000 were declared and paid in 2021.
3. Land was sold for cashat a loss of $4,000. This was the only land transaction during theyear.
4. Equipment with a costof $15,000 and accumulated depreciation of $10,000 was sold for$5,000 cash.
5. $22,000 of bonds wereretired during the year at carrying (book) value.
6. Equipment was acquiredfor common stock. The fair market value of the stock at the time ofthe exchange was $25,000.
Instructions
Prepare a statement of cash flows for the year ended 2021, usingthe indirect method.