5 What is the Los Pollos Hermanos cash paid for equipment? Put your answer as a negative number for cash outflows and a positive number for cash inflows. See attached file for additional material with the Los Pollos Hermanos Cash Flow Statement question. LosPollos CashFlow.pdf Los Pollos Hermanos Cash Flow Statement (20 Points) The Balance Sheet and Income Statement are as follows: Los Pollos Hermanos Comparative Balance Sheets Assets 12/31/2023 12/31/2024 Current Assets: Cash and cash equivalents $130,000 $71,000 Accounts Receivable, net 380,000 369,000 Inventory 570,000 418,000 Total Current Assets 1,080,000 858,000 Land 257,500 320,000 Property & Equipment - at cost 735,000 1,000,000 Less Accumulated, depreciation (425,000) (526,000) Net Property & Equipment 310,000 474,000 Total Assets $1,647,500 $1,652,000 Liabilities and Equity Current Liabilities: Accounts payable - trade $87,000 $109,000 Wages Payable $8,000 $10,000 Interest Payable 20,000 19,000 Total Current Liabilities 115,000 138,000 Note Payable Bonds Payable Total Liabilities 250,000 240,000 0 0 365,000 378,000 Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 1,075,000 207,500 1,125,000 149,000 $1,647,500 $1,652,000 QUESTION CONTINUES ON FOLLOWING PAGE Page 23 of 30 Los Pollos Hermanos Income Statement For year ended December 31, 2024 Revenues Expenses Cost of Goods Sold I $3,500,000 2,765,000 Wages and Salaries Expense 150,000 Depreciation Expense 160,000 Interest Expense 15,000 Income Tax Expense 80,000 Total Expense (3,170,000) Gain on Sale of Equipment 42,000 Net Income $372,000 Wages and Salaries Expense 150,000 Depreciation Expense 160,000 Interest Expense 15,000 Income Tax Expense 80,000 Total Expense (3,170,000) Gain on Sale of Equipment 42,000 Net Income $372,000 Other available information: New equipment purchased during the year. The new equipment replaced old equipme was sold for $186000 in cash No land was sold during 2024 Required: Prepare a Statement of Cash Flows on the following page. Use the indirect method to cash flows from operations. Interest payments are categorized as a financing cash flow