Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y are as follows: a. Net income, $246,400. b. Depreciation reported on the income statement, $52,160. c. Equipment was purchased at a cost of $101,590, and fully depreciated equipment costing $28,050 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 9,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $150,150. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Oranae Anael Enterbrises Inc. Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1,20Y8 Cash balance, December 31, 20Y8 statechentof Conth Fiows The compsrative bstance sheee of Drange Aagel Enterprises inc. at December, 31, 20ris and 20y ?, is as follows: a. Net income, $246,400 D. Deprecistion reported on the income statement, $52,560 c. Fquibment was purchased at a cost of 5101,590 , and fully deprecioted equipment costing 526,050 was discarded, wehh no salvage realixed. d. The mortgage note payable was not due for 6K yeers, but the terms permilted earlfer phyment without oenalty 1. 9,000 shares of eommon atock were issued at st6 for cash. f. Cast dividends deciared and paid, $150,150 Required: Prepare o statement of cash fows, using the indirect method of preventing cash flows from (used for) operating activities use the minus sign to indicate cash outhow: cash payments, decresces in cash, or any negative adjustments. 3 more Check My Work uses remaining. 3 more Check My Work uses remaining