Below are the comparative balance sheets for DUMB Y Company as of December 31. Additional information: 1.Operating expenses include depreciation expense of $48,000. 2.Land was sold for cash at book value. 3.Cash dividends of $12,000 were paid. 4.Net income for 2014 was $46,000. 5.Equipment was purchased for $88,000 cash. In addition, equipment costing $34,000 with a book value of $6,000 was sold for $9,000 cash. 6.Bonds were converted at face value by issuing 50,000 shares of $1 par value common stock. Prepare a statement of cash flows as of December 31st 2014 for DUMBY. 10. You are provided with the following transactions that took place during the year. For each transaction listed above, indicate whether it will increase (I), decrease (D), or have no effect (NE) on the ratios