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Please answear clearly Sketchers Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Sold the long-term investment at cost, for cash. 2.
Please answear clearly Sketchers Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Sold the long-term investment at cost, for cash. 2. Declared and paid a cash dividend of $11,200. 3. Purchased plant assets that cost $27,200; gave a $19,200 long-term note payable and paid $8,000 cash. 4. Paid a $6,400 long-term note payable by issuing common stock; fair value, $6,400. 5. Issued a stock dividend, $17,600. Additional Information 1. Sold the long-term investment at cost, for cash. 2. Declared and paid a cash dividend of $11,200. 3. Purchased plant assets that cost $27,200; gave a $19,200 long-term note payable and paid $8,000 cash. 4. Paid a $6,400 long-term note payable by issuing common stock; fair value, $6,400. 5. Issued a stock dividend, $17,600. Prepare the statement of cash flows for the current year ended December 31, assuming the indirect method is used in presenting cash flows from operating activities. - Note: Indicate a subtraction in the cash flow statement with a negative sign with the amount
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