Hello, I am requesting your help to solve this problem and provide a detailed explanation, so that I can arrive to the correct answer on my own. Please do not use AI to provide the answer, I need a person to explain this to me. Furthermore, please use excel to provide the statement of cash flows in an easy to follow format. I am providing also the list of possible account names where you can choose from. Thank you.

Preparing a Statement of Cash Flows-Indirect Method Sketchers Corporation's recent comparative balance sheet and income statement follow. Prior Current Balance Sheet, December 31 Year Year Assets Cash and cash equivalents $35,200 $149,600 Accounts receivable (net) 44,000 79,200 Inventory 88,000 105,600 Investment, long-term 17,600 Plant assets 264,000 413,600 Accumulated depreciation (44,000) (61,600) Total assets $404,800 $686,400 Liabilities and Stockholders Equity Accounts payable $26,400 $44,000 Notes payable, short-term (nontrade] 35,200 26,400 Notes payable, long-term 88,000 158,400 Common stock, no-par 220,000 352,000 Retained earnings 35,200 105,600 Total liabilities and stockholders equity $404,800 $686,400 income statement, For Current Year Ended, December 31 Year Sales revenue $1,320,000 Cost of goods sold (792,000) Gross margin 528,000 Depreciation expense (17,600) Other operating expenses (281,600) Net Income $228,800 Additional Information 1. Sold the long-term investment at cost, for cash. 2. Declared and paid a cash dividend of $61,600. 3. Purchased plant assets that cost $149,600; gave a $105,600 long-term note payable and paid $44,000 cash. 4. Paid a $35,200 long-term note payable by issuing common stock; fair value, $35,200. 5. Issued a stock dividend, $96,800. Prepare the statement of cash flows for the current year ended December 31, assuming the indirect method is used in presenting cash flows from operating activities. . Note: Indicate a subtraction in the cash flow statement with a negative sign with the amount.Statement of Cash Flows For the Year Ended December 31 Cash flows from operating activities Adjustments: