cash flow statment

The comparative statements of financial position of Lopez Inc. at the beginmng and the end of the year 2022 appear as follows. Lopez Inc. Statements of Financial Position Assets Long term investments long-term assets Brand name & Goodwell Inventory Accounts receivable Cash Total Equity and Liabilities Share capitalordinary Retained earmngs Accounts payable Income Tax payable Total Additional information Net income Dec.31, 2022 s 56,000 115,000 50,000 100,000 65,000 12,000 $398 ooo $250,000 61,000 53,000 34,000 $398 ooo $90,000 Jan. 1, 2022 s 40,000 150,000 43,000 60,000 40,000 43,000 $376 ooo $ 200,000 91,000 75,000 10,000 $376 ooo Deprecation on long term assets $ 25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly the cash generated under each of the three activities, namely: operating, investing, and financing providing all the details.