Statement of Cash Flows For Year Ended December 31 Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to ca Depreciation Amortization Gain on Sale of Equipment Accounts Receivable Increase Inventory Decrease Prepaid Expenses Increase Accounts Payable Increase Accrued Liabilities Decrease Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Sale of Equipment Purchase of Land Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Common Stock Retirement of Bonds Payable Payment of Dividends Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Year Cash at End of Year b. Operating-cash-flow-to-current- liabilities ratio (Round answers to two decimal places.) Support Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio Accounts payable increase $12,600 5,600 Accounts receivable increase Accrued liabilities decrease 4,200 Amortization expense 8,400 Cash balance, January 1 30,800 Cash balance, December 31 21,000 Cash paid as dividends 40,600 Cash paid to purchase land 126,000 Cash paid to retire bonds payable at 84,000 par Cash received from issuance of 49,000 common stock Cash received from sale of equipment 23,800 40,600 Depreciation expense Gain on sale of equipment 5,600 18,200 Inventory decrease Net income 106,400 Prepaid expenses increase 2,800 140,000 Average current liabilities