The Diversified Portfolio Corporation provides investment advice to customers. A condensed'income statement for the year eaded December 31, 2021, appears below: $1,020,000 760,000 260,000 65,000 195,000 Service revenue Operating expenses Income before income taxes Income tax expense Net income 12/31/2021. 12/31/20W $368,000 76,400 132.000 106,00 82.000 5.4 16,00 The following balance sheet information also is available: Cash Accounts receivable Accrued liabilities (for operating expenses) Income taxes payable In addition, the following transactions took place during the year 1. Common stock was issued for $112.000 in cash 2. Long-term investments were sold for $56.000 in cash. The original cost of revestimentos ad SAW 3. $86,000 in cash dividends was pard to shareholders 4. The company has no outstanding debt other than those pays listed sovet 5. Operating expenses include $36,000 in depreciation expense Required: 1. Prepare a statement of cash flows for 2021 for me Over Med Portfolio Camorato se ne sy activities 2. Prepare the cash flows from operating activnes section of Dis 2021 www com es ry Tromplete this question by entering your answers in the talento Required 1 Required 2 : Prepare a statement of cash flows for 2021 for the Diversified Portfolio Corpo operating activities. (Amounts to be deducted should be indicated with a minus 14 DIVERSIFIED PORTFOLIO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities. Nel cash flows from investing acties Cash flows from financing activities Not cash flows from many Increase in care Cash and cash gunay Cash and cash equivalent 3 Required 2 Required 1 Prepare the cash flows from operating activities section of Diversified's 2021 statement of cash flows wing the method. (Amounts to be deducted should be indicated with a minus sign.) DIVERSIFIED PORTFOLIO CORPORATION Statement of Cash Flows (Partial) For the Year Ended December 31, 2021 Cash flows from operating activities. Adjustments for noncash effects: Changes in operating assets and liabilities: Ring Net cash flows from operating activities