Dersified Port Corporation provides westment advice to customers. A condensed statement of protorious for the year and the Services Operating we Prolt bofum non napon Not prot 900.000 700.000 300/000 40.000 $ 180,000 The following statement of financial position information is also avaiable: 1223 12/31/22 Cash $ 315,000 $70,000 Accounts receive 120.000 300,000 Accounts payable operating expenses) 70.000 60.000 Income cos poble 10.000 15.000 In addition, the following transactions took place during the year 1 Ordinary shares were issued for $100,000 inch 2. Long term investments were sold for $50,000 in cash. The original cost of the investments was so 550.000 3. $80.000 in cash dividends was paid to shareholders 4. The company has no outstanding debt, other than those payable isted above 5 Operating expenses include 530,000 in depreciation expense Required: 1. Prepare a statement of cash flows for 2023 for the Diversified Portfolio Corporation Use the drect method for reporting operating activities Assume that dividends paid we contind as financing this 2. Prepare the cash flows from operating activities section of Diversified's 2023 statement of cash flows using the direct method. Assume that dividends paid arendas financing cantifow Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the cash flows from operating activities section of Diversifieds 2023 statement of cash flows using the indirect method. Assume that dividends paid are classified as financing cash flows. (Amounts to be deducted should be indicated with Dried Portfolio Corporation