Completion Status Cash Notes Receivable Supplies & Inventory Prepaid expe Long-term investment Machines and tools Accumulated depreciation-equipment Total Assets RINGE AVAT ANA $351,000 $58.500 72.000 63,000 81,000 121,500 31,500 54,000 81.000 166,500 144,000 163.000) (45.000) $639.000 $477.000 Liabilities & Stockholder Equit Accounts payable $ 76,500 $31,500 Bonds payable (long-term) 166,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders' Equity 5.639.000 5477.000 Income Statement Information 2021 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment Additional information (2021): 1. All sales and purchases of inventory are on account (or credit) 2. Received cash for the sale of long-tenn investments that had a cost of $81,000, yielding a $9,000 lo 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cash Required: Prepare the FIRST (Operating) and the SECOND (lavesting) sections of the statement of cash flows for the year ended December 31, 3021 FASE PROVIDE EACH AMOUNTITEM IN A SEPARATE LINE K