Given the following Income Statement and additional provided data, compute the Cash Flows from Investing and Operating Activities. Income Statement for 2019 Sales Cost of Goods Sold Other Expenses Net Income 100,000 (61,000) (27.000) 12,000 Additional Data: a. Cash paid for equipment. b. Cash paid on long-term note payable. c. Cash received from issuing new shares. d. Cash dividend declared and paid. 9.000 10,000 20,000 3,800 ANSWER: Instructions: Be sure to note cash outflows (or negative numbers) in your answer with a "x" or include in brackets "(x)". Cash Flows from Investing Activities Sale of Equipment Net cash provided by (used in) investing activities Cash Flows from Financing Activities Payment of long-term debt Proceeds from shares Dividends paid Net cash provided by (used in) financing activities 2 Page