Cisth Flow Statement Prob. 3 The compatative balance shiee: of Hinson Enterprises. for December 31, 2024 and 2023 is as fatlows: a. Net income, $220,500 cosh b. Depreciation reported on the income statement $72.975 c. Equipment was purchased at a cost of $142,450, and fully depreciated equlpment Costing 539,200 was discarded with no salvage realized d. The mortzage not payable was not due until 2018 , but the terms permited earlier parment without penalty. e. 7,000 shares of common stock were issued at $35 for cash. f. Cash dividends declared and paid 5134,400 . Instructions-Prepare a statement of cash flows, using the indirect method of preserting cash flows from operating activities