Calcuator On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the Indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net Income for the current year was $76,000. Cash dividends declared and paid were $13,000 Current Year Prior Year Assets Cash Accounts Receivable (net) Inventories Equipment Accumulated Depreciation Total assets $ 170,000 78,000 106,500 395,000 (195,000) $ 554,500 $74,000 85.000 90,000 370,000 (158,000) $461,000 $51,000 2.500 Liabilities and stockholders' equity Accounts Payable (merchandise creditors) Taxes Payable Common Stock, $10 par Retained Earnings Total abilities and Stockholders Equity 262,000 239.000 $50,000 5,000 230,000 176,000 $451,000 $ 554,500 Use the minussion to indicate cash out flows, cash payments, decreases in cash, or any adjustments Previous Calculator Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Breach Co. Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: DO O HII ID Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow provided by financing activities Previous Calculator For Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: 11 DO D DD Net cash flow used for investing activities Cash flows from financing activities: Net cash flow provided by financing activities Cash at the beginning of the year Cash at the end of the year