Given the data below  answer the question.

Required: Depreciation expense Operating income Loss on sale of equipment Income before taxes Income tax expense Net income Current assets Cash Accounts receivable Merchandise inventory Prepaid expenses Current liabilities $ 62,000 Accounts payable Income tax payable 63,000 $297,000 (4,100) $292,900 December 31 112,900 $180,000 2020 2019 $ 76,000 21,000 24,000 45,000 33,000 11,000 12,200 53,000 60,500 8,600 13,400 1. Using the indirect method, prepare the operating activities section of the statement of cash flows for Capstone, Inc., for the year ended December 31, 2020. Use the format presented in Figure 6.4 "Operating Activities Section of Statement of Cash Flows (Home Store, Inc.)". 2. How much cash was provided by (used by) operating activities? Briefly describe what this amount tells us about the company. 1.