A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents $ Accounts receivable 91,000 $ 66,000 Inventory 630,000 660,000 632,000 440,000 Prepaid expenses 26,000 15,000 Total current assets 1,379,000 1,181,000 Property, plant, and equipment 2,470,000 1,880,000 Less accumulated depreciation 639,000 578,000 Net property, plant, and equipment 1,831,000 1,302,800 Long-term investments 122,000 190,000 Loans to subsidiaries 140,000 89, cee Total assets $3,472,000 $2,753,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 902,000 $ 590,000 Accrued liabilities 37,000 60,000 Income taxes payable 159,800 134,000 Total current liabilities 1,898,800 784,000 Bonds payable 720,000 460,000 Total liabilities 1,818,000 1,244,000 Stockholders' equity: Common stock 1,130,000 1,020,000 Retained earnings 524,000 489,000 Total stockholders' equity 1,654,000 1,509,000 Total liabilities and stockholders' equity $3,472,000 $2,753,000 The following additional information is available about the company's activities during this year: a. The company declared and paid a cash dividend this year. b. Bonds with a principal balance of $400,000 were repaid during this year. c. Equipment was sold during this year for $80,000. The equipment had cost $170,000 and had $64,000 in accumulated depreciation The following additional information is available about the company's activities during this year: a. The company declared and paid a cash dividend this year. b. Bonds with a principal balance of $400,000 were repaid during this year. c. Equipment was sold during this year for $80,000. The equipment had cost $170,000 and had $64,000 in accumulated depreciation on the date of sale. d. Long-term investments were sold during the year for $150,000. These investments had cost $68,000 when purchased several e. The subsidiaries did not repay any outstanding loans during the year. f. Lomax did not repurchase any of its own stock during the year. years ago. The company reported net income this year as follows: $3,400,000 2,108,000 1, 292,000 1,036,000 256,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating itens: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 82,000 (26,000) 56,000 312,000 100,000 $ 212,000 Required: Using the indirect method, prepare a statement of cash flows for this year. (List any amounts.) Lomax Company Statement of Cash Flows Operating activities: 0 0 Investing activities: 0 Financing activities: Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0