On the basks of the following data for Breach Co. for the current and preceding years ended December 31 , prepare a statement of cash flows for the current year, using the indirect method of presenting cash flows from (used for) operating activities. - Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period. - Stock was issued for cash-3,200 shares at par. - Net income for the current year was $76,000. - Cash dividends declared and paid were $13,000. Use the minus sign to indicate cash out nows, cash payments, decreases in cast, or any negative adjustments. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Breach Co. Statement of Cash Flows For Year Ended December 31 Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating octivities Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31