22. Prepare statement of cash flows using the indirect method for Libby Inc. for the year 2013 Libby Inc. Income statement For the year ended on December 31, 2013 Sales $100,000 Cost of Goods Sold Depreciation $61,000 6.000 Supplies Expense 8,000 Wages Expense 10,000 Income Tax Expense 3,000 Total Expense $88.000 Net income 12,000 Libby Inc. Balance Sheet December 31 2013 2012 Asset Cash $44,000 $18,000 Accounts Receivable 27,000 29,000 Merchandise Inventory 30,000 36,000 Property Plant and Equipment 111,000 102,000 Less Accumulated Depreciation (36,000) (30,000) Total Assets 176,000 155,000 Accounts Payable $25,000 $22,000 800 1000 Wages Payable Notes Payable, Long Term 38.000 48.000 Common Stock 80,000 60,000 32,200 24,000 Retained Earnings Total Liab. and Stockholder Eq. 176,000 155,000 Additional Information 1. Bought equipment for cash, $9,000. 2. Paid $10,000 on long term note payable. 3. Issue new shares of common stock for $20,000. 4. Declared and paid a $3,800 dividend in cash. What is cash flows from: Operating activities Investing activities Financing activities