Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Accounts payable Year 2 $16,200 7,600 Year 1 $17,800 9,100 The Year 2 income statement showed net income of $31,600. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net cash flow from operating activities $ Required information [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title Investment securities Machinery Year 2 $110,000 Year 1 $116,500 486,000 160,000 Land 437,000 100,000 Other information drawn from the accounting records: 1. Delsey incurred a $6,000 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3. Delsey did not sell land during the year. Required a. Compute the amount of cash flow associated with the sale of investment securities. Amount of cash flow Required information [The following information applies to the questions displayed below.) The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title Investment securities Machinery Land Year 2 $110,000 Year 1 $116,500 486,000 160,000 437,000 100,000 Other information drawn from the accounting records: 1. Delsey incurred a $6,000 loss on the sale of investment securities during Year 2 2. Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3. Delsey did not sell land during the year. b. Compute the amount of cash flow associated with the purchase of machinery. Cost of machinery purchased Required information [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title Investment securities Year 2 $110,000 Year 1 $116,500 Machinery Land 486,000 160,000 437,000 100,000 Other information drawn from the accounting records: 1. Delsey incurred a $6,000 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3. Delsey did not sell land during the year. c. Compute the amount of cash flow associated with the sale of machinery Amount of cash flow Required information [The following information applies to the questions displayed below.) The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title) Investment securities Machinery Land Year 2 $110,000 Year 1 $116,500 486,000 160,000 437,000 100,000 Other information drawn from the accounting records: 1. Delsey incurred a $6,000 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated deprestation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3. Delsey did not sell land during the year. d. Compute the amount of cash flow associated with the purchase of land. Cost of land purchased Required information [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Account Title Investment securities Machinery Year 2 $110,000 Year 1 $116,500 486,000 160,000 Land 437,000 100,000 Other information drawn from the accounting records: 1. Delsey incurred a $6,000 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $8,000 (cost of $36,000 minus accumulated depreciation of $28,000) was sold. The income statement showed a gain on the sale of machinery of $4,500. 3. Delsey did not sell land during the year. e. Prepare the investing activities section of the statement of cash flows. (Cash outflows should be indicated with a minus sign.) DELSEY COMPANY Statement of Cash Flows (Investing Activities) For the Year Ended December 31, Year 2 Cash flows from investing activities: Net cash flow from investing activities