The Lakota Corporation had the attached information available from its accounting records for the current year. Additional information concerning each case is available below. LAKOTA CORPORATION ADDITIONAL INFORMATION FOR PREPARING STATEMENT OF CASH FLOWS FOR CURRENT YEAR CASE 1 Net Income For Current Year $ 5,000 Gain (Loss) on Sale of Equipment (included in net income figure above) 0 Dividends Paid 5,000 CASE 2 $ (300) 500 10,000 REQUIRED: Prepare the Cash Flows From Operating Activities section of the statement of cash flows for Lakota Corporation, in proper form, using the data from Case 1 only and the indirect method. LAKOTA CORPORATION DATA FOR PREPARATION OF STATEMENT OF CASH FLOWS FOR THE CURRENT YEAR CASE 1 CASE 2 Increase (Decrease) in Cash $ 2,000 $ 5,000) Increase (Decrease) in Accounts Receivable ( 4,000) 6,000 Increase (Decrease) in Inventory 10,000 15,000 Increase (Decrease) in Buildings (all due to purchases) 100,000 50,000 Increase (Decrease) in Equipment (all due to purchases/sales of equipment) 10,000 ( 5,000) Increase (Decrease) in Accumulated Depreciation, Buildings (all due to depreciation expense) 12,000 8,000 Increase (Decrease) in Accumulated Depreciation, Equipment (CASE 1: change all due to depreciation expense) 2,500 (CASE 2: $500 decrease due to sale of equipment, remainder of change due to depreciation expense) 1,500 Increase (Decrease) in Accounts Payable ( 4,000) 3,000 Increase (Decrease) in Notes Payable, Short Term (consider this an operating activity) 2,500) ( 5,000) Increase (Decrease) in Wages Payable 1,000 700) Increase (Decrease) in Notes Payable, Long Term 10,000 ( 20,000) Increase (Decrease) in Bonds Payable 100,000 0 Increase (Decrease) in Common Stock 0 10,000 Increase (Decrease) in Additional Paid In Capital 0 70,000