Using the financial statements in the Excel spreadsheet and the additional information items below,

prepare Sparkle$$s Statement of Cash Flows in good form, along with supporting calculations. For the

Operating Activities section use either the Direct or Indirect method.

Additional Information

a$.$ Investment Revenue consists entirely of the non$-$cash accrual of income from a long$-$term

investment accounted for using the equity method.

b$.$ A long$-$term investment with a book value of $$32,000$ was sold for $$37,000$ cash.

c$.$ A building with a cost of $$50,000$ and accumulated depreciation of $$35,000$ was sold for $$7,000.$

d$.$ A bond payable with a face value of $$100,000$ was retired at maturity.

e$.$ An additional $30,000$ shares of $$1$ par value common stock were issued for $$4$ per share.

f$.$ An additional $2,000$ shares of $$1$ par value common stock were issued as a $($small$)$ stock dividend,

when the market price of the stock was $$5$ per share.

g$.$ A building was purchased for $$120,000,$ with $$70,000$ in cash and a note payable for the other

$$50,000.$

Assume any changes in account balances not related to additional information or the income statement

were the result of a cash transaction.