Q4 Prepare a statement of cash flows based on the following transactions. (Show amounts t decrease cash in parenthesis e.g. (15,000).) 1.Plant assets that had cost $28,000 6 years before and were being depreciated on a straight-line basis over 10 years with no estimated scrap value were sold for S5 2.During the year, 10,000 shares of common stock with a stated value of S10 a share were issued for $35 a share. 3.The company sustained a net loss for the year of $55,000. Depreciation amounted to $25,000, and a gain of $8,000 was realized on the sale of land for $38,000 cash. 4.During the year, treasury stock costing $45,000 was purchased. Statement of Cash Flows Cash flow from operating activities Adjustment to reconcile net income to cash: Cash from operations Cash flow from investing activities Cash from investing activities Cash flow from financing activities Cash from financing activities Net Change in Cash