Instructions: Please use the indirect method to prepare a Statement of Cash Flows on your scratch paper based on the following Income Statement, Balance Sheet, and Additional Information shown below to answer this question and the next three (3) questions: Question: Based on the Statement of Cash Flows you prepared on your scratch paper, what is the amount of the Operating cash flows? Income Statement December 31, 20xx Revenue 1,150,000 Cost of Goods Sold 850,000 Gross Profit 300,000 40,000 Depreciation Expense Sales, General, and Admin Expenses Operating Income 80,000 180,000 Gain on Sale of Equipment 40,000 Net Income 220,000 Balance Sheet December 31, 20xx Current Year Prior Year Change Assets 315.000 Current Assets Cash Accounts Receivable Inventory Long-term Assets Investment in Marketable Securities' Total Assets 160,197 275,000 50,000 150,000 300,000 265,000 10,197 (25,000) 500,000 (50,000) 450,000 1,200,197 1,000,000 Labilities and Stockholders' Equity Current Liabilities Accounts Payable Deferred Revenue Interest Payable 210,000 180,000 75,000 300,000 200,000 50,000 (90,000) (20,000) 25,000 Long-term Liabilities 190,197 Notes payable" Bonds Payable" 40,197 150,000 100,000 100,000 0 Stockholders' Equity Common Stock Retained Earnings Liabilities and Stockholders' Equity 40,000 140,000 305,000 1,200.197 100,000 100,000 205,000 1.000.000 * $50,000 of Marketable Securities were sold for cash. ** New $40,197 notes payable was signed in exchange for cash during the year and no change to bonds payable. ***New stock was issued during the year for cash in the amount of $40,000 ****Dividends paid during the year equaled $15,000. Statement of Cash Flows Question: Based on the Statement of Cash Flows you prepared on your scratch paper, what is the amount of the Investing cash flow? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc. Just enter the raw number For example, if you calculated the answer to be $24.123 you would only input: 24123 Statement of Cash Flows Question: Based on the Statement of Cash Flows you prepared on your scratch paper, what is the amount of the Financing cash flows? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you cale later than PAAR Based on the Income Statement, Balance Sheet, and Additional Information shown below and the Statement of Cash Flows you prepared on your scratch paper, How much did the actual cash account change over this period? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number For example, if you calculated the answer to be $24,123 you would only input: 24123