Payton Place Industries, Inc., is a manufacturer of steel products for customers such as House Depot and Private Motors. In the year ended December 31, it reported the following activities: Required: 1. Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.) During the current year, M\&Q Entertainment sold assets for $20,750,000 cash and recorded a gain on disposal of $19,300,000, which was included in the company's net income of $43,470,000. Required: 1. Show how the disposal would be reported on the statement of cash flows, using the following format (which assumes the indirect method): (Enter your answers in thousands. Amounts to be deducted should be indicated by a minus sign.) 2. Compute the book value of the assets that were sold. (Enter your answer in thousands.) During a recent year (ended December 31, 2017), Nicole's Getaway Spa (NGS) reported net income of $2,660. The company reported he following activities: a. Increase in inventories of $855. b. Depreciation of $3,050. c. Increase of $3,010 in prepaid expenses. d. Payments of $3,000 on long-term debt. e. Purchased new spa equipment for $8,045. f. Payments on accounts payable exceeded purchases by $515. g. Collections on accounts receivable exceeded credit sales by $915. h. Issued $12,750 of common shares. Required: Based on this information, prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method. Assume the cash balance at December 31,2016 , was $9,650. (Amounts to be deducted should be indicated by a minus sign.)