Problem 3-Andrews Inc Other Data 1. Dividends in the amount of $6,000 were declared and paid during 2014. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment was sold during 2014 that had a cost of $30,000 and was 70% depreciated. 5. Any equipment purchased was purchased for cash. Requirement Prepare the directand the indirect Statement of Cash Flows for 2014. For the direct method, you may omit the schedule to reconcile net income to cash flows. You may omit the disclosures for any non-cash transactions. Problem 3-Andrews Inc Other Data 1. Dividends in the amount of $6,000 were declared and paid during 2014. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment was sold during 2014 that had a cost of $30,000 and was 70% depreciated. 5. Any equipment purchased was purchased for cash. Requirement Prepare the directand the indirect Statement of Cash Flows for 2014. For the direct method, you may omit the schedule to reconcile net income to cash flows. You may omit the disclosures for any non-cash transactions