Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $104,000. b. Dividends of $88,000 cash were declared and paid. c. The only noncash expense was $74,000 of depreciation. d. Purchased plant assets for $94,000 cash. e. Notes payable of $24,000 were issued for $24,000 cash. f. $54,000 increase in accounts receivable. g. $34,000 decrease in inventory. h. $14,000 decrease in accounts payable. Answer is not complete. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2021 December 31, 2020 Analysis of Changes December Debit Credit 31, 2021 Balance Sheet-Debit Balance Accounts Cash $ 92,000 Accounts receivable 124,000 (74,000) Inventory 258,000 24,000 Plant assets 604,000 74,000 $ 1,078,000 Balance Sheet-Credit Balance Accounts $ 78,000 178,000 224,000 698,000 $ 1,178,000 miventory 200,000 24,000 224,000 Plant assets 604,000 74,000 $ 1,078,000 698,000 $ 1,178,000 Balance Sheet-Credit Balance Accounts Accumulated depreciation $ 104,000 74,000 S 178,000 Accounts payable 158,000 14,000 144,000 Notes payable 374,000 24,000 398,000 Common stock 204,000 204,000 Retained earnings 238,000 88,000 104,000 254,000 $ 1,078,000 $ 1,178,000 Statement of Cash Flows Operating activities Net income Increase in accounts receivable Decrease in inventory Decrease in accounts payable Depreciation expense Investing activities Financing activities Cash paid to purchase plant assets 9 104,000 74,000 > 24,000 > 14,000 74,000 74,000 304,000 $ 388,000