ASAP

Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Ys are as follows: a. Net income, $121,880. b. Depreciation reported on the income statement, $29,820. c. Equipment was purchased at a cost of $58,570, and fully depreciated equipment costing $15,900 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. 5,000 shares of common stock were issued at $18 for cash. r. Cash dividends declared and paid, \$74,270. Required: Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20 Y8 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 20YB Cash balance, December 31, 20 Y