Question 3 The following comparative balance sheet is given for Estern Co.: Assets Dec 31, 2021 Cash $351,000 Notes Receivable 72,000 Supplies & Inventory 81,000 Prepaid expense 31.500 Long-term investments 0 Machines and tools 166,500 Accumulated depreciation-equipment (63,000) Total Assets $639,000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 Bonds payable (long-term) 166,500 180,000 Common Stock 216,000 Retained Earnings Total Liabilities & Stockholders' Equity $639,000 Income Statement Information (2021): 21 3031 Dec 31, 2020 $58,500 63,000 121,500 54,000 81,000 144,000 (45,000) $477.000 $ 31,500 211,500 103,500 130,500 $477,000 C130 C00 P Income Statement Information (2021) 1. Net income for the year ending December 31, 2021 is $130.500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021) 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of SS1,000, yielding a $9,000 loss. 3. Cash dividends paid is $45,000 4. The company purchased new machines and tools for $22,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021. (PLEASE PROVIDE EACH AMOUNT ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) Ev AV L. X M M B I US Paragraph V Arial 10pt 17 "20 ME X XG (0) 3880 1. - D *** BB PB DWORDS POWE