Comparative balance sheet of Orange Angel Enterprises Inc, at December 31,20y8 and 20Y7, is ar , lowk? Assets Dec. 31,20Y8 Dec. 31, 20Y7 Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Total assets \begin{tabular}{rr} $79,630 & $98,090 \\ 122,360 & 132,240 \\ 174,800 & 163,910 \\ 7,120 & 4,970 \\ 356,060 & 293,660 \\ (92,580) & (72,020) \\ \hline$647,390 & $620,850 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity Additional data obtained from the income statement and from an examination of the accounts in the ledger for:26 a. Net income, $119,320. b. Depreciation reported on the income statement, $44,930. c. Equipment was purchased at a cost of $86,770, and fully deprecioted equipment costing $24,370 was d scai ded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 8,000 shares of common stock were issued at $20 for cash. f. Cash dividends declared and paid, $72,710. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activites. Use the minus sign to indicate cash putflows, cash payments, decreases in cash, or any negative adjustments. Adjustments to reconcile net income to net cash flows from (used for) operating activite Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1,20Y8 Cash balance, December 31,20Y8