Requirement 1. Prepare Morgensen's statement of cash flows using the indirect method to report operating activities. Include a schedule of non Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows incl Morgensen Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Total noncash investing and financing activities of cash flows including - X X - Data table - More info December 31, 2021 2020 Transaction Data for 2021: Current Accounts: $ 14,100 Current assets: $ 49,000 $ 4,200 18,800 10,000 Cash and cash equivalents Accounts receivable 69,900 64.100 Purchase of treasury stock $ 205,000 Loss on sale of equipment 20,000 Payment of cash dividends 10,100 Issuance of long-term note 18,000 payable to borrow cash Net income 87,000 Issuance of common stock Acquisition of land by issuing long-term note payable Stock dividends Collection of loan Depreciation expense Purchase of building with cash 8,600 82,000 Inventories 34,000 3,200 2,300 Prepaid expenses 6,500 Current liabilities: $ 55,200 for cash 74,200 Accounts payable Income tax payable 10,500 $ 28,600 15,000 16,800 6,300 66,000 Proceeds from sale of Accrued liabilities Retirement of bonds payable by issuing common stock Purchase of long-term investment with cash 10,100 equipment 45,300 Amortization expense 4,600 Print Done Dann