2. No bulldings or equipment were sold during the yean. Equipment was purchased for $10,000cash. 3. Depreciation experse vas $26,000. 4. flonds payable of 550,000 were issued for cash during the yoar. 5. Common atock of $40,000 was issued during the year. 6. Cash dividends of $19,700 were declared and paid during the year 1. Cincinnati Health Club reported net income of $2,600 for the year. 2. No buildings or equipment were sold during the year. Equipment was purchased for $10,000cash. 3. Depreciation expense was $28,000. 4. Bonds payable of $50,000 were issued for cash during the year 5. Common stock of $40,000 was issued during the year. 6. Cash dividends of $19,700 were declared and paid during the year. Required: 1. Using the data above and Exhibit 10 as a guide, create a spreadsheet to prepare a statement of cash fle 2. Using your spreadsheet, construct the Statement of Cash Flows below. Assume Cincinnati Health Club Cincinnati Health Club Statement of Cash Flows For the year ending December 31 Cash flows from operating activities