Listed below are several t indicate b operating (O), investing (D), or financing ( w are several transactions that typically produce either an inerease or a decrease in by letter whether the cash effect of each transaction is reported on a statement of cash ) activity. ( point each) Transactions Transactions ale of preferred stock Sale of equipment Acquisition of bonds of another corporation Payment of semiannual interest on bonds payable Payment of a cash dividend Purchase of an office building Purchase of treasury stock ollection of nontrade note receivable (principal amount) Loan to another firm Retirement of common stock Payment of income taxes Issuance of a long-term note payable Sale of a patent Merchandise sales Issuance of a short-term note payable Purchase of inventory Repayment of note payable Employee salaries Sale of land Issuance of bonds 4) Partial balance sheets and additional information are listed below for Sowell Company. Sowell Company Partial Balance Sheets as of December 31 Assets ash Accounts receivable 2016 $40,000 2015 70,000 40,000 $20,000 85,000 35,000 ventory ilities ts payable Additional information for 2016: $54,000 $62,000 a. Net income was $88,000. b. Depreciation expense was $19,000. Required: Prepare the operating activities section of the statement of cash flows for 2016 using the indirect method.(10 points) Cash flows from operating activities: Net cash flows from operating activities $109,000