Listed below are the changes that have taken place in Hazy Corporation's balance sheet accounts as a result of the past year's activities. The year end is December 31, 2019. Using the indirect method, answer the following questions relating to Hazy's Statement of Cash Flows: (Hint: prepare a cash flow statement and then answer the questions.) Debit Balance Account Net Increase (Decrease) Cash $(20,000) Accounts Receivable 10,000 Inventory (40,000) Prepaid Expenses 20,000 Long-term Investments 40,000 Plant and Equipment 110,000 Net Increase $120,000 Credit Balance Accounts Accumulated Depreciation Accounts Payable Accrued Liabilities Taxes Payable Bonds Payable Common Stock Retained Earnings Net Increase (Decrease) $50,000 20,000 (10,000) 10,000 (30,000) 30,000 50,000 Net Increase $120,000 The following additional information is available about the year's activities: - The company sold equipment during the year for $60,000. The equipment had cost the company $120,000 when purchased, and it had $50,000 in accumulated depreciation at the time of the sale. - The balance in the cash account at the beginning of the year was $90,000. - The company declared and paid $40,000 in cash dividends during the year. - Long term investments that had cost $40,000 were sold during the year for $45,000. - The beginning and ending balances in the plant and Equipment and Accumulated Depreciation accounts for the past year are given below: Ending Beginning Plant and Equipment......................$610,000 $500,000 $200,000 Accumulated Depreciation................$250,000 1. Net income for the year was $ 2. The cash balance at the end of the year was $ 3. Depreciation expense for the year was $ 4. Plant & equipment purchased during the year was $ 5. Investments purchased during the year was $ 6. Total cash flows provided by operations was $ 7. Total cash flows provided by investing activities was $ 8. Total cash flows provided by financing activities was $ Lana DTC