Show work and explanations CHAPTER 23 Each of the following items must be considered in preparing a statement of cash flows (indirect method) for Harnick Fashions, Inc. for the year ended December 31, 20x1. 1) Fixed assets that had cost $50,000 772 years before and were being depreciated on a 10-year basis, with no estimated scrap value, were sold for $ $11,000. 2) Uncollectible accounts receivable in the amount of $3,000 were written off against the Allowance for Doubtful Accounts. 3) During the year, 800 shares of common stock with a stated value of $15 per share were issued for $28 per share. 4) During the year, goodwill of $35,000 was considered impaired and was completely written off to expense. 5) The company sustained a net loss for the year of $3,600. Depreciation amounted to $3,000 and patent amortization was $900. 6) Bonds payable with a par value of $40,000 on which there was an unamortized bond discount of $3,000 were redeemed at 104. The gain (loss) was reported as part of normal operating activities in the income statement. 7) Investments (available-for-sale) that cost $$14,000 when purchased five years earlier were sold for $12,400. The loss was considered ordinary. Instructions For each item, state where it is to be shown in the statement of cash flows (indirect method) and then how you would present the necessary information, including the amount. Consider each item to be independent of the others. Assume that correct entries were made for all transactions as they occurred