The comparative balance sheets and income statement for Bingky Barnes Inc. are as follows: Current Tear Pelot Tear Balance sheet at Doesber 31 Cash Accounts receivable Merchandise Inventory Property and equipment te cemited depreciation Acts payable hoeroed wage expense mote payable, long-term Common stock and waitinal pais-in capital 539.000 35,300 45,000 124,500 tel.600 5211,100 $ 19,400 46,400 93,600 31,400 31.100 40,000 101,900 26.600) 5177 000 $ 30,700 3,600 50, 600 74.300 10.600 517100 3.000 $22.000 Income statement for year Sales Cost of goods sold Other op Bet income 5114,000 84.000 39.200 Additional Data Equipment bought for cash $23.000 b. long term ots payable was paid off for $4,200 c. Issued new shares of stock for $19.300 cash d. No dividends were declared or paid Other expenses included depreciation 56.00, wages. $20,800 $6.000, other $4.800 Assume that expenses were fly paid in cash, when there are no liabilities account related to them. For ejemple, tax expenses we paid in cash since there's no taxes payable Required: 1. Prepare the statement of cash flows for the year ended December 31, current year in the Indirect method. (List cast outflow as negative amounts.) so DO 2 5 6 & 7 8 9 0 W E R T Y U 0 S D F G . J C B N M 1. Prepare the statement of cash flows for the year ended December 31, current year, negative amounts.) Bingky Barnes Inc. Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities: Cash flows from financing activities: