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. Please keep in mind that the lines marked with a green checkmark are correct, the lines with a red x are incorrect (either the value or the account). Thank you.

Preparing a Statement of Cash Flows-Indirect Method Sterling Corporation's recent comparative balance sheet and income statement follow. Prior Current Balance Sheet, December 31 Year Year Difference Assets Cash and cash equivalents $20,400 $20,100 $(300) Accounts receivable (net) 7,200 10,200 3,000 Inventory 9,600 8,400 (1,200) Investment, long-term 3,600 (3,600) Fixed assets 48,000 58,800 10,800 Accumulated depreciation (28,800) (23,400) 5,400 Total assets $60,000 $74,100 $14,100 Liabilities and Stockholders' Equity Accounts payable $11,400 $7,200 $(4,200) Bonds payable 6,000 18,000 12,000 Common stock, no-par 30,000 39,000 9,000 Retained earnings 12,600 16,800 4,200 Treasury stock (6,900) (6,900) Total liabilities and stockholders equity $60,000 $74,100 $14,100 Income Statement, For Current Year Ended, December 31 Sales revenue $42,000 Cost of goods sold (25,200) Gross margin 16,800 Depreciation expense (3,000) Other operating expenses (10,800) Gain on sale of Investments 1,800 Loss on sale of fixed assets (600) Net Income $4,200 Analysis of selected accounts and transactions 1. Sold fixed assets for cash; cost, $12,600, and two-thirds depreciated. 2. Purchased fixed assets for cash, $5,400. 3. Purchased fixed assets; exchanged bonds of $18,000 (face value and fair value) in payment. 4. Sold the long-term investments for cash. Assume carrying value of the investment is equal to its original purchase price. 5. Purchased treasury stock for cash, $6,900. 6. Retired bonds payable at maturity date by issuing common stock, $6,000. 7. Issued common stock for cash, $3,000. 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 Net Income 4200 Adjustments: Depreciation expense 3000 Gain on sale of long-term Investments -1800 Loss on sale of fixed assets 600 Change In accounts receivable, net -3000 Change In Inventory 1200 Change In accounts payable -4200 Net cash provided (used) by operating activities 0 Cash flows from Investing activities Purchase of fixed assets 5400 Sale of fixed assets 45600 Sale of long-term Investment 3600 Net cash provided (used) by investing activities 43800 Cash flows from financing activities Purchase of treasury stock 6900 Issuance of bonds payable 6000 Net cash provided (used) by financing activities Issue common stock 0 Noncash Disclosure Retired bonds payable with common stock $ 6000 414Cash and cash equivalents, December 31 Cash and cash equivalents, January 1 Change In accounts payable Change In accounts receivable, net Change In inventory Depreciation expense Gain on sale of fixed assets Gain on sale of long-term investments Issuance of bonds payable Issue common stock Loss on sale of fixed assets Loss on sale of long-term Investments Net cash provided (used) by financing activities Net cash provided (used) by Investing activities Net cash provided (used) by operating activities Net change in cash and cash equivalents during of the year Net Income Purchase of fixed assets Purchase of long-term Investment Purchase of treasury stock Purchased fixed assets by issuing bonds Retained earnings Retired bonds payable with common stock Sale of fixed assets Sale of long-term Investment