Comparative financial statements from Tomtric Company follow: Tomtric Company Balance Sheets December 31, 2023 and 2022 Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Long-term assets Property, plant, and equipment Less: Accumulated depreciation Net property, plant, and equipment Total assets Assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Total current liabilities Bonds payable Deferred tax liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity 2023 $15,000 22,000 20,000 14.000 71.000 7,000 77,000 (61.000) 16.000 94.000 6,000 6,400 12,400 12,000 4,000 28,400 30,000 35,600 65.600 $94.000 2022 $18,000 25,000 22,000 10,000 75,000 25,000 80,000 (64.000) 16,000 116.000 $8,000 15,000 23,000 18,000 15,000 56,000 20,000 40,000 60.000 $116.000

Comparative financial statements from Tomtric Company follow: Income statement is provided below: Additional information pertaining to 2023: 1. During the year, Tomtric Co. sold used equipment for $6,000 that had cost $15,000 with accumulated depreciation of $8,000. 2. New equipment was purchased with cash. 3. Cash dividends were paid during the year. 4. Common stock was issued in exchange for cash. There were no treasury stock transactions during the year. 3. Cash dividends were paid during the year. 4. Common stock was issued in exchange for cash. There were no treasury stock transactions during the year. Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. 2. Prepare the investing activities section of the statement of cash flows. 3. Prepare the financing activities section of the statement of cash flows