IvanhoeCompany runs a retail company and recently completed its third year of operations. The balance sheet and income statement follow: Liabilities and Equity Accounts payable $39,204$35,640 Income taxes payable 11,8808,640 Long-term notes payable 30,24038,880 Common stock, $2 par 16,20012,960 Paid-in capital in excess of par 41,04033,480 Income Statement for 2014 Sales revenue $364,392 Cost of goods sold 220,320 Depreciation expense 4,644 Other expenses 93,960 Income taxes 15,660 Net income $29,808 Additional Information on Year 2014 Transactions 1. Purchased equipment by signing a long-term note for $8,640 and paying cash for the balance. 2. Paid cash as a payment on the long-term notes payable. 3. Issued 108 shares of common stock for cash. 4. Declared and paid cash dividends of $17,280. Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with elther a-sign eg. 15,000 or in parenthesis eg. (15,000)) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Increase in Inventory Increase in Accounts Payable Increase in Income Taxes Payable Net Cash Provided by Operating Activities Cach Flows from investing Activities Purchse of Equipment Purchase of Equipment Cash Flows from Financing Activities Issuance of Stock Payment on Long-term Note Payable Payment of Dividends Net Cash used by Financing Activities Net Decrease in Cash Cash at Beginning of Year Cashat End of Year