Income Statement Comparative Balance Sheet Comparative Balance Sheet David Clancy Associates closed its books for the current year. The tirm provided the foliowing comparative balance sheets and income statenent. (Cuck the icon to view the balance sheots.) (Click the icon to view the incorse statement.) The company sold its indefinite-life intangible assets at their carrying value. Cash was used to acquire land. The dobt inves tments were purchased on December 31. Requirement Prepare the company's cash flow statement for the current year under the indirect method Present any required disciosures. Compiete the statement one section at a fime, veginning with the cash fiows from operating activibs. (Use a minus sign or parentheses for any numbers to be subtracted andjor net cash used by activities. If an input field is not used in the statement, leave the fieid emply, do not sesect a label or entor a zero.) Income Statement Comparative Balance Sheet Comparative Balance Sheet David Clancy Associates closed its books for the current year. The tirm provided the foliowing comparative balance sheets and income statenent. (Cuck the icon to view the balance sheots.) (Click the icon to view the incorse statement.) The company sold its indefinite-life intangible assets at their carrying value. Cash was used to acquire land. The dobt inves tments were purchased on December 31. Requirement Prepare the company's cash flow statement for the current year under the indirect method Present any required disciosures. Compiete the statement one section at a fime, veginning with the cash fiows from operating activibs. (Use a minus sign or parentheses for any numbers to be subtracted andjor net cash used by activities. If an input field is not used in the statement, leave the fieid emply, do not sesect a label or entor a zero.)