i did not know how to do the math for this problem.

Problem 13-14 Prepare and Interpret a Statement of Cash Flows (LO13-1, LO13-2] A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lonex Company Comparative Balance sheet This Year Last Year Assets Current ansetat Cash and cash equivalente Accounts receivable Inventory Drepaid expenses Total current anneta Property, plant, and equipment Les accumulated depreciation Net property, plant, and equipment Long-term investments Loans to wubsidiaries Total anneta Liabilities and stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonda payable 82,000 58,800 612,000 637,500 621,200 431,000 18,800 10,500 1,334,000 1.137, 800 2,425,000 1,044,000 628,200 569,900 1.796,800 1,274,100 103, 100 163,000 131,000 75,500 $3,364,900 $2,650,400 $ 887,600 $ 501.000 31,600 51,900 147,300 126,800 1,066,500 759, 700 675,000 433,000 Return 49 1,066,500 675,000 1,741,500 yov 759, 700 433,000 1, 192,700 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,112,000 1,011,000 511,400 446, 700 1,623,400 1,457, 700 $3,364,900 $2,650,400 The following additional Information is avallable about the company's activities during this year: 0. The company declared and peld a cash dividend this year. b. Bonds with a principal balance of $391,000 were repaid during this year. c. Equipment was sold during this year for $75,500. The equipment had cost $152,000 and had $53,200 in accumulated depreciation d. Long-term Investments were sold during the year for $132,000. These investments had cost $59,900 when purchased several years ago e. The subsidiaries did not repay any outstanding loans during the year. 1. Lomax did not repurchase any of its own stock during the year. The company reported net income this year as follows: The company reported net income this year as follows: 5 Sales Cont of goods sold Groen margin Selling and administrative expenses Net operating income Nonoperating Items Cain on sale of investments Los on asle of equipment Income before ta In AS Net in $3,220,000 1,996, 400 1,223,600 988,300 235,300 72,100 (23,300) 40,000 284,100 91,000 $ 193, 100 Required: Using the Indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.) Required: Using the Indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.) Answer is not complete. $ 193,100 Lomax Company Bent of Cher Operating activities Net income Adjustments to convert net income to a cash basis: Depreciation Decrease in accounts receivable Increase in Inventory Increase in accounts payable Decrease in brud abisties Increase in income taxes payable Gain on sale of investments Loss on sale of equipment OOOOOOOOOO (190,200) 300,000 (20,300) 20.500 96.400 23,300 Netcash provided by operating active 235.300 28.400 Gain on or que 245,000 Net cash used in investing activities Financing activities: Issuance of bonds payable Issuance of common stock Cash dividends paid 128,400 0 OO Decrease in accounts payable Net cash provided by financing activities Not increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 128.400 801,800 58,800 $ 60,000