Please answer the following questions and show the work. This is all from the same problem.

Managerial Finance (MBA 5323) Homework #5, 10 points Balanco.Shopts Income Statements Income Statements 1. Based on the comparative balance sheets and comparative income statements, construct a statement of cash flows. 1. Based on the comparative balance sheets and comparative income statements, construct a statement of cash flows. Statement of Cash Flows for 2021 Operating Activities Net Income Adjustments: Non-cash adjustments I Accumulated depreciation Changes in working capital Change in accounts receivable Change in inventories Change in accounts payable Change in accruals Net cash provided by Operating Activities Long-Term Investment Activities Cash used to acquire fixed assets Financing Activities Change in long-term debt Change in common stock Change in paid-in capital Payment of cash dividends Net cash provided by Financing Activities Summary Net change in cash Cash at beginning of year Cash at end of year 2. Refer to the Statement of Cash Flows above. Was Net Income a source or use of funds? Was Payment of Cash Dividends a source or use of funds? What effect did these two have on Retained Earnings? 2. Refer to the Statement of Cash Flows above. Was Net Income a source or use of funds? Was Payment of Cash Dividends a source or use of funds? What effect did these two have on Retained Earnings? 3. Refer to the Statement of Cash Flows above. Was "Cash Used to Acquire Fixed Assets" a source or use of funds? Was "Change in LongTerm Debt" a source or use of funds? How would you interpret these two changes when taken together