Statement of cash flowsindirect method You may use the attached spreadsheet to complete this activity. You will find the spreadsheet by clicking on the paper clip found in the upper left hand corner of the screen. The comparative balance sheet of Oak and Tile Flooring Co. for June 30, 2008 and 2007, is as follows: The following additional information was taken from the records of Oak and Tile Flooring Co.: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $45,000 cash. d. The common stock was issued for cash. e. There was a $65,900 credit to Retained Earnings for net income. f. There was a $50,000 debit to Retained Earnings for cash dividends declared. Prepare a statement of cash flows on the spreadsheet provided for this problem, using the indirect method of presenting cash flows from operating activities. Next, enter in key amounts from the spreadsheet as requested below. OAK AND TILE FLOORING CO. Statement of Cash Flows For the Year Ended June 30, 2008 Operating activities. Total amount of adjustments to reconcile net income to net cash flow from operating activities. Total amount of changes in current operating assets and liabilities. Net cash flow from operating activities Investing activities. Cash received from investing activities Cash paid out for investing activities Net cash flow used for investing activities Financing activities. Cash received from financing activities Cash paid out for financing activities Net cash flow provided by financing activities Cash. State the direction and the amount of the change in cash. Change Amount