145 E11-21A. (Learning Objectives 3, 4, 5: Interpreting a statement of cash flows-indirect method) Donald is reviewing his nephews' cash flows. Huey, Dewey, and Louie all report the same income number ($22,000) and bought the same equipment ($84,000) during the year. Explain how Huey, Dewey, and Louie fund their respective PPE purchase. Whose cash flow would you rate as the best? The worst? Huey Dewey Louie 2 3 $ Cash flows from operating activities Net income.... Depreciation and amortization Increase in current assets Decrease in current liabilities 22,000 $ 22,000 10,000 10,000 (23,000)... (3.000) (12.000) (5,000) (3,000) 24,000 22,000 10,000 (12,000) (2,000) 18,000 8 Cash flows from investing activities: Acquisition of PPE Sales of PPE 10 (84,000) 10,000 (74,000) (84,000) 38.000 (46,000) (84,000 90,000 6,000 12 Cash flows from financing activities: 13 Issuance of shares Payment of debt 98,000 (22,000 76,000 (1.000) 63,000 (38,000) 25000 3.000 16,000 (24,000) (8,000 16,000 16 $ Net increase (decrease) in cash $ ----munte for the