please answer both parts of the question!

purchases of inventory are on credit, and (4) all debits to Accounts rayable reflect cash payments tor inventory. Additional Information on Current Year Transactions Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $20,125 (details in b). b. Sold equipment costing $91,875, with accumulated depreciation of $45,125, for $26,625 cash. c. Purchased equipment costing $111,375 by paying $60,000 cash and signing a long-term notes payable for the balance. d. Paid $52,125 cash to reduce the long-term notes payable. e. Issued 4,000 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $53,100. Problem 16-3A (Algo) Indirect: Statement of cash flows LO A1, P2, P3 Required: 1. Prepare o complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Statoment of Cash Fiows Cor Current Year Ended Decumber 31 Cash flows from operating activities \begin{tabular}{|l|} \hline Adjustments to reconcile net income to net cash provided by operations: \\ \hline Income statoment items not affecting cash \end{tabular} Income statement items not affecting cash Changes in current assots and current liabilities Cash flows from financing activities: Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method. (Enter all amounts as positive values. (1) Required information