A comparative balance sheet for Lomax Company containing data for the last two years is as follows: This Year Last Year Lomax Company Comparative Balance Sheet Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 72,000 $ 50,800 592,000 612,500 609,200 421,000 10,800 5,500 1,284,000 1,089,800 2,375,000 1,804,000 616,200 560,900 1,758,800 1,243, 100 82, 100 133,000 121,000 70,500 $3,245,900 $2,536, 480 $ 871,600 $ 571,000 25,600 42,900 134,300 118,800 1,631,500 732,700 625,000 403,000 1,656,500 1,135,700 1,892,800 1,001,200 497, 400 399,700 1,589, 480 1,400,700 $3,245,900 $2,536,400 The following additional Information is available about the company's activities during this year, he following additional information is available about the company's activities during this year. - The company declared and paid a cash dividend this year Bonds with a principal balance of $381,000 were repaid during this year. - Equipment was sold during this year for $70,500. The equipment had cost $132,000 and had $41,200 in accumulated depreciation on the date of sale. . Long-term investments were sold during the year for $112,000. These investments had cost $50,900 when purchased several years ago e. The subsidiaries did not repay any outstanding loans during the year. 1. Lomax did not repurchase any of its own stock during the year. The company reported net income this year as follows: $3,020,000 1,872,400 1,147,600 935,300 212,300 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Incone before taxes Income taxes Net income $ 61,100 (20,300) 40,800 253, 100 81,000 $ 172,180 Required: Using the Indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.) Operating activities: 0 0 Investing activities: 0 Financing activities: 0 0 Roninnin rash and cash annivalente