The following comparative balance sheet is given for Estem Co Assets Cash Notes Receprable Dec 31.2020 $58,500 Dec 31.2021 $351,000 72.000 63,000 Supples & Inventory Prepaid expense Long-term investments Machines and tools Accumulated depreciation-equipment Total Assets 81,000 121,500 31,500 54,000 0 81,000 166,500 144 000 (63,000) 145.000) $639.000 $477.000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 $31,500 Bonds payable (long-term) 166,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130 500 Total Liabilities & Stockholders' Equity $639.000 $477.000 Income Statement Information (2021); 1 Net income for the year ending December 31, 2021 is $130,500 2 Depreciation expense is $18,000. 3 There is a loss of $9,000 resulted from the sale of long-term investment Additional information (2021): 1. All sales and purchases of eventory are on account (or credit) 2 Received cash for the sale of long-term wivestments that had a cost of $31,000, yielding a $9,000 loa 3. Cash dividends paid is $45,000 4 The company purchased new machines and tools for $22,500 cash TOE AUTHE Liabilities & Stockholders' Equity Accounts payable $ 76,500 $31,500 Bonds payable (long-term) 166,500 211,500- Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders' Equity $639.000 $477,000 Income Statement Information (2021); X 1. Net income for the year ending December 31, 2021 $130,500 2 Depreciation expense is $18,000 3 There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2 Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss 3 Cash dnndends paid is $45,000 4 The company purchased new machines and tools for $22,500 cash Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statethent of cash flows for the year ended December 31, 2021 (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). D f Darranty Arial 10pt I. f O