Fortune Software Corp. has assembled the following data for the years ending December 31, 2021 and 2020. B (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) Requirement 1. Prepare Fortune's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities. Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Fortune Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: Net income 5900 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation expense Loss on sale of equipment Amortization expense 23000 32000 4900 Decrease in accounts receivable Decrease in inventories Increase in prepaid expenses Decrease in accounts payable Increase in income tax payable Increase in accrued liabilities Net cash provided by (used for) operating activities More info Transaction Data for 2021: Purchase of treasury stock $ 11,800 Acquisition of land by issuing long-term note payable $ 32,000 Stock dividends 46,000 203,000 Loss on sale of equipment 34,800 Payment of cash dividends 10,300 Issuance of long-term note 23,000 payable to borrow cash Collection of loan Depreciation expense 34,000 Purchase of building Net income 5,900 with cash 87,000 Issuance of common stock Retirement of bonds payable for cash 36,800 by issuing common stock 99,000 Proceeds from sale of Purchase of long-term 12,500 equipment 44,600 Amortization expense investment with cash 4,900 Print Done ........ Data table December 31, 2021 2020 Current Accounts: Current assets: Cash and cash equivalents Accounts receivable Inventories $ 85,900 $ 20,000 16,300 64,000 85,000 10,400 3,200 1,900 Prepaid expenses Current liabilities: Accounts payable Income tax payable Accrued liabilities $ 10,400 $ 56,200 28,400 17,200 15,800 6,300 Print Done Cash flows from investing activities: Net cash provided by (used for) investing activities Purchase of building Purchase of long-term investment Proceeds from sale of equipment Collection of loan Cash flows from financing activities: Net cash provided by (used for) financing activities Issuance of common stock Issuance of long-term note payable Payment of cash dividends Purchase of treasury stock Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities Acquisition of land by issuing long-term note payable Cash balance, December 31, 2020 Cash balance, December 31, 2021 Collection of loan Payment of cash dividends Purchase of treasury stock Retirement of bonds payable by issuing common stock