a) Mike Corporation. Accounts Department have compiled the following data for the year ended December 31st, 2019: Payment of dividends. Proceeds from issuance of common shares Sales revenue Increase in operating current assets other than cash. Repurchase of common shares.. Cost of goods sold. $ 6,000 Other operating expenses.. Purchase of equipment... Decrease in operating current liabilities. 20,000 224,000 30,000 5,000 $100,000 Payment of note payable. Proceeds from sale of land. Depreciation expense. Prepare the operating activities section of Mike's statement of cash flows for the year ended December 31st, 2019. Please uses the indirect method for operating cash flows. I Answer: Mike Corporation. Statement of Cash flow For Year Ended December 31, 2019 35,000 40,000 5,000 30,000 60,000 8,000 b) State how the statement of cash flows helps investors and creditors perform each of the following functions: i. ii. Predict future cash flows. Evaluate management decisions. I