On the basis of the following data for Larson Co. for the year ending December 31 Year 2 , and the preceding year ended Decembi 31 Year 1, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. In additio to the balance sheet data, assume that: Equipment costing $125,000 was purchased for cash. Equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000. The stock was issued for cash. The only entries in the retained earnings account were net income of $51,000 and cash dividends declared of $13,000. Larson Co. Statement of Cash Flows For Year Ended December 31, Year 2 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Cash flows from financing activities: Net cash flow provided by financing activities: Cash at the beginning of the year Cash at the end of the year Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments