Question 4 Use the following information to prepare a cash flow statement for Spark Inc. for the calendar year 2020 using the indirect method. Be sure to prepare a schedule for any noncash items for disclosure, if appropriate. (a) Net loss $6,000 (depreciation expense, 8,000; inventory increase, $2,000; no changes in accounts receivable or accounts payable). (b) Issued shares for $60,000 of equipment. (c) Sold equipment for $12,000, book value $12,000. (d) Paid cash dividend, $5,000 (declared in prior year). (e) Paid long-term debt principal, $2,000 and short-term debt principal, $5.000. (1) Purchased equipment for $42,000 in exchange for a note payable all of which was due to be paid at the end of two years. (g) The cash balance on January 1, 2020 was $8,000