Balance SheetLong$-$term debt$$136,674,000$$$152,374,000$Fixed assetsTotal long$-$term liabilities$$136,674,000$$$152,374,000$Property, plant, and equipment$$364,255,000$$$412,032,000$Less accumulated depreciation$(84,489,000)(102,452,000)$Net property, plant, and equipment$$279,766,000$$$309,580,000$Stockholders' equityIntangible assets and others$6,095,0006,772,000$Preferred stock$ $1\mathrm{.}773,000$ $ $1,773,000$Total fixed assets$$285,861,000$$$316,352,000$Common stock$26,730,00031,802,000$Capital surplus$10,620,00027,348,000$Accumulated retained earnings$120,728,800146,052,800$Less treasury stock$(10,692,000)(42,772,000)$Total equity$$149,159,800$$$164,203,800$Total assets$$328,843,300$$$362,462,900$Total liabilities and shareholders' equity$$328,843,300$$$362,462,900$Larissa has asked Dan to prepare the financial statement of cash flows and the accounting statement of cash flows.

She has also asked you to answer the following questions:

$1.$ How would you describe East Coast Yachts' cash flows?

$2.$ Which cash flows statement more accurately describes the cash flows at the company?

$3.$ In light of your previous answers, comment on Larissa's expansion plans.