The following additional information is available about the company's activities during this year: a. The company declared and paid a cash dividend this year b. Bonds with a principal balance of $381,000 were repaid during this year c. Equipment was sold during this year for $70,500. The equipment had cost $132,000 and had $41,200 in accumulated depreciation on the date of sale d. Long-term investments were sold during the year for $112,000. These investments had cost $50,900 when purchased several years ago e. The subsidiaries did not repay any outstanding loans during the year. f. Lomax did not repurchase any of its own stock during the year. The company reported net income this year as follows Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $3,020,000 1,872,400 1,147,600 935,300 212,300 61,100 (20,30040 Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 40,800 253,100 81,000 s172,100 Required: Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.) Lomax Company Statement of Cash Flows Operating activities Investing activities: Investing activities: Financing activities Beginning cash and cash equivalents Ending cash and cash equivalents