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The comparative balance sheet of Posner Company for Years 1 and 2 ended December 31 appears in condensed form as follows: The income statement for the current year is as follows: Additional data for the current year are as follows! - Fully depreciated equipment costing $60,000 was scrapped, no salvage, and new equipment was purchased for $183,200. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $13 for cash. - Cash dividends deciared and pald, $25,000. Prepare a statement of cash flows, using the indirect method of reporting cash flows from (used for) operating activities. Use the minus sign to indicate cach out flows, eash payments, decreasel in cash, or any negative adjustments. For the Year Ended December 31, Year 2 Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) finanding activities: Net cash flows used for financing activities Cash balance, January 1 , Year 2 Cash balance, December 31 , Year 2