Moving to another question will save this response. Question 14 The following comparative balance sheet is given for Estern Co.: Assets Cash Notes Receivable Dec.31.2020 $58,500 Dec 31, 2021 $351,000 72,000 63,000 Supplies & Inventory Prepaid expense Long-term investments. Machines and tools Accumulated depreciation-equipment Total Assets 81,000 121,500 31,500 54,000 0 81,000 166,500 144,000 (63,000) (45,000) $639,000 $477,000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 Bonds payable (long-term) 166,500 $ 31,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216,000 130,500 Total Liabilities & Stockholders' Equity $639,000 $477,000 Income Statement Information (2021): 21 2021 120 500 Common Stock Retained Eangs 12 100,000 103.500 210.000 130.000 $427.000 Total Liabilities & Stockholders' Equity 1.639.000 Income Statement Information (2021) 1. Net income for the year ending December 31, 2021 is $130,500 2. Depreciation expense is $18,000 3. There is a loss of 59,000 resulted from the sale of long-term investment. Additional information (2021) 1. All sales and purchases of inventory are on account (or credits 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding 59,000 1 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cal Required: Prepare the FIRST (Operating) and the SECOND (lavesting) sections of the statement of cash flows for the year ended December 31, 2021. (PLEASE PROVIDE EACH AMOUNT ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac) B U F