Problem 1 The following data is taken from the Financial Statements of Harrison Inc. for the year 2010. Income Statement: Net Income Depreciation Expense Amortization of Intangibles Gain on sale of plant assets Balance Sheet: Accounts Receivables Inventory Prepaid Expenses Accounts Payables Deferred income taxes payables Additional information: Jan. 2010 Dec. 2010 $634.000 183.000 30.000 79.000 $305.000 $279.000 607.000 555.000 32.000 74.000 131.000 254.000 180.000 143.000 Paid $35.000 annual dividend to preferred stockholders. Repaid short-term debt in the amount of $98.000. Purchased land and a building for $450.000. Proceeds from sale of marketable securities in the amount of $75.000 Issued $300.000 of preferred stock. The balance of the cash account on January 1, 2010 was $285.000. Using the above information, prepare the statement of cash flows for the year ended December 31, 2010 showing the computation of the net cash flows from operating (by the indirect method), investing and financing activities.