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Additional Information: 1. Net Income for 2019 was 522,400. 2. Cash dividends of $7.100 were declared and paid during 2019. 3. Long-term investments with a cost of $28,600 were sold for cash at a gain of $4,100. Additional long-term investments were purchased for $14,400 cash. 4. Equipment with a cost of $14,800 and accumulated depreciation of $13,500 was sold for $3,800 cash. New equipment was purchased for $27,350 cash. 5. Depreciation expense was $18,900. 6. A principal payment of $27,700 was made on long-term notes. 7. Common stock was sold for $31,500 cash. Required: Prepare a statement of cash flows for Erle, using the indirect method to compute net cash flow from operating activities. Use a minus sign to indicate any decreases in cash or cash outflows. If an answer is zero, entero 22,400 18,900 -2,500 . -4.100 Erie Company Statement of Cash Flows For the year ended December 31, 2019 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Proceeds, sale of equipment Proceeds from sale of investments Increase in accounts receivable Increase in inventory Decrease in prepaid rent Decrease in accounts payable Decrease in interest payable Increase in wages payable Increase in income taxes payable Net cash provided by operating activities Cash flows from investing activities: Gain on sale of equipment Purchase of investments Gain on sale of investments Purchase of equipment Net cash used for investing activities Cash flows from financing activities Payment of dividends Repayment of long-term note o Proceeds from issuance of common stock Net cash used for financing activities QUOD Cash, 1/1/2019 Cash, 12/31/2019