ASAP

Magnation Statu Cash $117,000 $19,500 Notes Receivable 24,000 21,000 Supplies & Inventory 27,000 40,500 Prepaid expense 10,500 18,000 Long-term investments 0 55,500 27,000 Machines and tools 48,000 Accumulated depreciation equipment (21.000) (15,000) Total Assets $213.000 $159.000 Liabilities & Steckholders' Equity Accounts payable $ 25,500 $ 10,500 55,500 70,500 Bonds payable (long-term) Common Stock 60,000 34,500 Retained Earnings 22.000 43.500 Total Liabilities & Stockholders $213.000 $159.000 Equity Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500 2. Depreciation expense is $6,000. 3. There is a loss of $3,000 resulted from the sale of long-term investment Additional information (2021): 1. All sales and purchases of inventory are on account (or credit) 2. Received cash for the sale of long-term investments that had a cost of $27,000, yielding a $3,000 loss 3. Cash dividends paid is $15,000 4 The company purchased new machines and tools for $7,500 cash Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021 Activate WindowsS