Cash Flow statertent Prob. 3 . The comparative balance sheet of kinson Enterprises for 0ecember 31 , 2024 and 2023 is as followis: the following additional informution was taken from the recordy: a. Net income.5220,500 cash b. Depreciation feported on the income statement 572,975 c. Gquipment wat purchased at a cost of 5142,450 , and fully depreclated equiprient Costing $35,200 was discarded with no salvage realited d. The mortgage not payatle was not due unti 2010 , but the terms permitted earlier pariment Without penalif. c. 7,000 shares of commot stock were issued at $35 for cash. 1. Cint dhidends declared and pald $134,400. Inatructiony-Prepare a statement of cash figws, using the indirect method of presenting cahh flowy from operating acthivies