PART ONE INSTRUCTIONS The financial information for the past two years (2020 and 2019) is provided. Using a spreadsheet application, such as Microsoft Excel, and the information from the previous years, provide the following: 1. Prepare a Statement of Cash Flows for the current year using the indirect method. Use the following template. Templates for Part 1 follow: Statement of Cash Flow Template Please prepare a Statement of Cash Flow as shown below using Excel. Input answers in the last column. After you answer all questions on Blackboard upload the Statement of Cash Flows, prepared in Excel, to Blackboard. Lonnie's Longboards, Inc. Statement of Cash Flow For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to net cash flow from operating activities Depreciation Amortization Gain or Loss Changes in current operating assets and liabilities Net Cash Flow from Operating Activities Cash Flows from Investing Activities Cash received from sale Less cash used for purchases Net Cash Flow from Investing Activities Cash Flow from Financing Activities Cash received from sale Less cash paid dividends or long-term debt Net Cash Flow from Financing Activities Increase or decrease in cash Cash at the beginning of the year Cash at the end of the year Answers