ICE Drilling Inc's balance sheet information and income statement are as follows: Common shares: increases caused by the issuance of shares and/or share dividends decreases caused by the repurchase and/or cancellation of shares decreases caused by the issuance of shares and/or share dividends increases caused by the repurchase and/or cancellation of shares Notes payable: ? increases caused by the issuance of debt (borrowing) ? decreases coused by principal payments ? decreases caused by the issuance of debt (borrowing) ? increases caused by principal payments \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Required: Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities according to the indirect method. (List any deduction in cash and cosh outllows as negative omounts.) Additional information regarding ICE Drilling's activities during 2023 1. Loss on sale of equipment is $10,280 2. Paid $69,080 to reduce a long-term note payable. 3. Equipment costing $99,000, with accumulated depreciation of $57,000, is sold for cash 4. Equipment costing $214,680 is purchosed by paying cash of $54,800 and signing a long-term note payable for the balance 5. Borrowed $8,400 by signing a short-ferm note payable. 6. Issued 10.080 common shares for cash at $10 per thare 7. Declared and paid cash dividends of $137,960 Prepaid expenses: increases caused by the purchase of prepaid items, that is, such as the payment of rent or insurance in advance decreases caused by the use of prepaid expenses decreases caused by the purchase of prepaid items, that is, such as the payment of rent or insurance in advance increases caused by the use of prepaid expenses: Anolysis Component: Merchandise Inventory, Prepaid Expenses, Notes Payable, and Common Shares are some of the accounts that changed during 2023 Indicate what transactions likely caused each of these accounts to increase andilor decrease (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mork to empty the box for a wrong onswer.) Merchandise inventory: 2 increases coused by the parchase of merchendise 2 decreoses coused by the purchose of merchandise 2 decreases caused by the sale of mercharidise 2 incresses caused by the sale of merchandise