Excel Online Structured Activity: Statement of cash flows You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept). has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $750,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.4 million of machinery that was needed for a new project. You have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $440,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Excel template Saved Search (Option + Q) File Home Insert Draw Page Layout Formulas Data Review View Arial 10 B Av.. ab B24 XV fx A B D 12345 Statement of cash flows Cash at the Beginning of Year $100,000.00 4 Change in Net Operating Working Capital Except Cash $0.00 Net Income $5,000,000.00 6 Common Dividends $750,000.00 7 Machinery Equipment Purchases 8 Depreciation Expense 9 Long-Term Debt 10 Interest Rate on Long-Term Debt $5,400,000.00 $440,000.00 $1,000,000.00 6.00% 11 12 Statement of Cash Flows 13 1. Operating Activities Net income Depreciation expense 16 Change in net operating working capital except cash Net cash provided by (used in) operations 17 18 19 II. Long-Term Investing Activities Additions to property, plant and equipment Net cash used in investing activities 14 15 PETRARI22222222222 III. Financing Activities Increase in long-term debt 20 21 23 24 25 Payment of common dividends 26 Net cash provided by financing activities 27 28 IV. Summary 29 30 Net increase (decrease) in cash Cash at beginning of year Cash at end of year = Sheet1 + Formulas $5,000,000.00 #N/A $440,000.00 #N/A $0.00 #N/A #N/A #N/A #N/A #N/A #N/A #N/A $100,000.00 #N/A