Fostival Corporation is preparing its statement of cash flows for the past year. The company has gathored the following information about the past your just ended on December 31 (Click the icon to view the data) Requirement Prepare a statement of cash flows for the past year using the indirect method. For the Year Ended December 31 Operating Activities: Adjustments to reconcile net income to cash basis Net cash provided by (used for) operating activities Help me solve this Video Get more help- Data table Retire bond payable (long-term) Paid dividends in cash Decrease in invertory... $ 16,000 $ 28,000 $ 6.000 Decrease in accounts receivable Increase in salaries payable. $ 7,000 $ 8,000 Depreciation expense. $ 10,000 Decrease in accounts payable $ 8,000 Increase in prepaid insurance S 500 Sold land (investment)) Increase in interest payable. Cash balance, beginning of year Net income $ 21,000 Decrease in other short-term liabilities. $ 1,000 S 900 Increase in taxes payable S 2,000 S 84,000 Purchase of new computer system with cash $ 15.000 $ 83,000 Print Done Clearan Chec