Sofie Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement:

Sales revenue	$140,000
Interest revenue	5,000
Loss on sale of plant assets	(4,000)
Total revenues and (losses)		$141,000
Cost of goods sold	100,000
Salary expense	23,000
Depreciation expense	8,000
Other operating expenses	9,000
Interest expense	2,000
Income tax expense	5,000
Total expenses		$147,000
Net income/(loss)		$ (6,000)

Other information provided:

During the year, the company borrowed $34,000 on a new note payable.

Current assets other than cash decrease by $4,000.

During the year, the company issued $28,000 common stock

Current liabilities increase by $1,000

Equipment with a net asset value of $10,000 was sold for $14,000.

Equipment costing $52,000 was purchased for cash.

During the year, the company repaid $40,000 of long-term notes payable.

The company paid dividends of $10,000 during the year.

Requirement:

A Using the indirect method, prepare the operating activities section of cash flows.

B Using the indirect method, prepare the investing activities section of the statement of cash flows.

C Using the indirect method, prepare the financing section of the statement of cash flows.

Please separate the answers for A, B and C