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Question 2 (25 points) The following data is taken from the Financial Statements of Harper Inc. for 2019. Jan. 2019 Dec. 2019 Income Statement: Net
Question 2 (25 points) The following data is taken from the Financial Statements of Harper Inc. for 2019. Jan. 2019 Dec. 2019 Income Statement: Net Income Depreciation Expense Amortization Expense Loss on the sale of a building $860.000 215.000 95.000 155.000 Balance Sheet: Accounts Receivables Inventory Prepaid Expenses Accounts Payables Deferred income taxes payables $355.000 552.000 87.000 136.000 181.000 $284.000 621.000 39.000 187.000 122.000 Additional information: Sold a factory building for $995.000 cash. Paid 90.000 dividend to stockholders. Repaid $255.000 of long-term debt. Collected the principal of a loan made to a borrower in the amount of$265.000. Invested $45.000 in marketable securities. Purchased $659.000 of treasury stock The balance of the cash account on January 2019 was $551.000. Instructions: Using the above information, prepare the statement of cash flows for the year ended December 31, 2019 showing the computation of the net cash flows from operating (by the indirect method), investing and financing activities. Include proper heading and format
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