Statement of Cash Flows A list of Fischer Company's cash flow activities is presented here: a. Patent amortization expense, $3,500 b. Machinery was purchased for $39,500 c. At year-end, bonds payable with a face value of $20,000 were issued for $17,000 d. Net income, $47,200 e. Dividends paid, $16,000 f. Depreciation expense, $12,900 g. Preferred stock was issued for $13,600 h. Investments were acquired for $21,000 i. Accounts receivable increased by $4,300 j. Land was sold at cost, $11,000 k. Inventories increased by $15,400 I. Accounts payable increased by $2,700 m. Beginning cash balance, $19,400 Required: Using indirect method, prepare Fischer's statement of cash flows. For those boxes in which you must enter subtractive or negative numbers use a minus sign. FISCHER COMPANY Operating Activities: Statement of Cash Flows For Year Ended December 31, 2019 Adjustments for differences between net income and cash flows from operating activities: Q