Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows. (a) Net income for the year was $30,000. (b) Dividends of $10,000 were declared and paid. (c) Stylish's only noncash expense was depreciation which totaled $50,000. (d) The company purchased plant assets for $70,000. (e) Notes payable in the amount of $40,000 were issued during the year for cash. Stylish Corporations Spreadsheet for Statement of Cash Flows Indirect Method For Your Ended December 31, 2009 Analysis Of Changes Balance Sheet Debits 12/13/08 Debit Credit 12/12/09 Balance Sheet-Debit 70,000 60,000 Account Receivables 180,000 190,000 Merchandise Inventory 200,000 230,000 Plant Assets 500,000 570,000 950,000 1050,000 Statement of Cash Flows Operating activities. Net Income. Increase in merchandise Inventory. Decrease in Account Payable.. Depreciation Expense .. Investing activities Cash Paid to purchase plant assets. Financing activates Cash Paid for dividends... Cash received from note payable