3) Cash lows -indirect method The data below are taken from the financial statements of the Rutherford Corporation: Income Statement 2009 Net income 840,000 Depreciation Expense 200,000 Gain on Sale of Equipment 110,000 Balance Sheet 12/31/2009 12/30/2008 Cash 1,950,000 1,200,000 conts Receivable 7100000,00 800,000 35,000 630,000 Inventory 840,000 Prepaid Expenses Accounts Payable 660,000 Other information: Sold equipment for $25,000. Purchased new equipment for $120,000. Paid cash dividends for 2009 of $50,000. Prepare Statement of Cash Flows in good form for year ended 2009 Rutherford Corporation Statement of Cash Flow For Year Ended 12/31/2009 Cash Flows from Operating Activities: Net Income Changes to Reconcile Net Income to Net Cash Flow: Cash Flows from Investing Activities: Cash Flows From Financing Activities Net Increase in Cash Beginning Cash on 1/1/2009 Ending Cash on 12/31/2009 1950,000