PART 4: Statement of Cash Flows ARCO Chemical Company is developing its annual financial statements at December 31 , current year. The statements are complete except for the statement of cash flows. The completed comparative condensed balance sheets are summarized below: Additional data for the current year: a. Bought equipment for cash, $40,200. Sold equipment for $6,000 that had and original cost of $15,000 and accumulated depreciation of $10,500. b. Paid $31,200 on the long-term notes payable and borrowed $24,000 on the long-term notes payable. c. Issued new shares of common stock for $31,000 cash and repurchased treasury shares of common stock for $11,800 d. A dividend was declared and paid in the current year. e. Included in operating expenses was depreciation expense of $16,500. Non-operating income Additional data for the current year: a. Bought equipment for cash, $40,200. Sold equipment for $6,000 that had and original cost of $15,000 and accumulated depreciation of $10,500. b. Paid $31,200 on the long-term notes payable and borrowed $24,000 on the long-term notes payable. c. Issued new shares of common stock for $31,000 cash and repurchased treasury shares of common stock for $11,800. d. A dividend was declared and paid in the current year. e. Included in operating expenses was depreciation expense of $16,500. Non-operating income (expense) includes the gain or loss on the sale of the equipment calculated in " a " above, with the remaining balance being other miscellaneous income/ expenses, including interest expense. Required: Using the template below, prepare the statement of cash flows (Operating, Investing and Financing sections only) for the year ended December 31 , current year, using the indirect method. (List cash outflows as negatlve amounts.) Show all work on the following page