Please answer in excel can not understand in some else handwriting. Thank you CP 14-3 Required: For each of the following items indicate whether it increases, decreases, or has no effect (N/E) on cash flow: Cash flow Dec. Inc. N/E - 1. Earning net income for the year 2. Redemption of preferred stock at face value. 3. Purchase of inventory IIIII 4. Issuing common stock for equipment 5. Assuming non-current debt 6. Declaring a cash dividend _ 7. Collection of an account receivable 8. Payment of an account payable CHAPTER FOURTEEN/The Statement of Cash Flows First US Edition