A comparative balance sheet for Lomax. Compony containing data tor the last two years is as tollows The following additional information is avallable about the company's activities during this year: a. The company declared and pald a cash dividend this year. b. Bonds with a principal balance of $410.000 were repaid during this yeal c. Equipment was sold during this year for $85,000. The equipment had cost $190.000 and had $76,000 in accumuloted depieciation on the date of sale. d. Long-term investments were sold during the year for $170,000. These investments had cost $77,000 when purchased several years ago. e. The subsidiaries did not repay any outstanding loans during the year. fi Lomax did not repurchase any of its own stock during the year. The company reported net income this yeat as follows: Required: 1. Using the indirect method, prepare a statement of cash flows for this year, (List any deduction in cash outflows as negative omounts.) Required: 1, Using the indirect method, prepare a statement of cash flows for this year. flist ony deduction in cash outflows as negative amounts.)