$10,850decrease3,300decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted sh indicated with a minus sign.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted indicated with a minus sign.) Cain Company reports net cash provided by operating activities of $32,000. It also reports the following information under "Adjustments to reconcile net income to net cash provided by operating activities" on its statement of cash flows (using the indirect method). Determine Cain's net income. For each of the following separate transactions: 1. Sold a building costing $35,000, with $22,000 of accumulated depreciation, for $10,000 cash, resulting in a $3,000 loss. 2. Acquired machinery worth $12,000 by issuing $12,000 in notes payable. 3. Issued 1,200 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $41,000 were retired for $49,000 cash, resulting in a $8,000 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare the reconstructed journal entry. Prepare the reconstructed journal entry. Journal entry worksheet Feepece the reconstructed joursa entry. Journal entry worksheet