Attached are the comparative balance sheets for Harrisburg Corporation for the years ending December 31, 20X3 and 20X2. The following additional information is available for this company for the year ending December 31, 20X3. HARRISBURG CORPORATION ADDITIONAL INFORMATION FOR PREPARING STATEMENT OF CASH FLOWS FOR YEAR ENDING DECEMBER 31, 20X3 (1) The company purchased land for $200 by issuing long term notes payable. The company also sold land for cash during the year at a gain of $6. (2) The company sold equipment during the year for $150. The equipment had an original cost of $250 and accumulated depreciation of $60. The company purchased equipment in the amount of $65 by issuing common stock. All other changes to the equipment account were due to purchases of equipment paid for in cash. The company paid off $400 in long term notes payable during the year. The only other changes to this account, other than the purchase of land discussed above, was due to the issuance of long term notes during the year for cash. (4) The company paid cash dividends of $50 during the year. All other changes to retained earnings was due to net income for the year. REQUIRED: Prepare a statement of cash flows, in proper form, for the year ending December 31, 20X3. Use the indirect method and be sure to include a schedule of noncash investing and financing activities. 2 0X2 S HARRISBURG CORPORATION COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31, 20X3 AND 20X2 20X3 ASSETS Cash and Cash Equivalents 750 Accounts Receivable (Net) 450 Inventory 250 Land 1 1 ,350 Equipment 400 Accumulated Depreciation Equipment ( TOTAL ASSETS 3,155 732 460 935 1,200 370 52) S 3,645 $ $ 365 795 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Short Term Notes Payable Long Term Notes Payable Common Stock Paid In Capital in Excess of Par Value Retained Earnings TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 180 505 950 500 1,100 460 525 500 495 425 3,155 S 3,645