The Diversified Portfolio Corporation provides investment advice to customers A condensed income statement for the year ended December 31, 2024, appears below The following balance sheet information also is avaltable: In addition, the following tranisactions took place furing the year: 1. Common stock was issued for $100.000 in cash. 2 Long-term investments wete sold for $50,000 in cash. The original cost of the investments also was $50,000 3,$80,000 in cash dividends was paid to shareholders 4. The company has no outstanding debt, other than those payables listed above. . 5 Operating expenses include $30,000 in depreciation expense. Required: 1. Prepare a statement of cash flows for 2024 for the Diversified Portfolio Corporation. Use the direct method for reporting operating octivites. 2. Prepare the cash flows from operating activities section of Diversified's 2024 statement of cash flows using the indirect method Complete this question by entering your answers in the tabs below. Prepare the cash flows from operating activities section of Diversified's 2024 statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for 2024 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities. Note: Amounts to be deducted should be indicated with a minus sign