PROBLEM 2 (MODULE 5: DIRECT \& INDIRECT CASH FLOWS) Condensed financial data of Quarion Company apprear below : Additional information : 1. New plant asset costing $126,000 were purchased for cash in 2021 2. Old plant asset costing $35,000 were sold for $14,000 cash when book value was $18,200 3. Bonds with face value of $42,000 were converted into $42,000 of ordinary shares 4. A cash dividend of $28,000 was declared and paid during the year 5. Account payable pertain to merchendise purchases Instruction Prepare a statement of cash flow for the year using the indirect and direct method