2021 The following financial statements for Samer Company follow: Samer Company Balance Sheets December 31, 2020 and 2021 Assets 2020 Current assets: Cash $72,000 Accounts receivable 100,000 Inventory 88,000 Prepaid expenses 40,000 Total current assets 300,000 60,000 88,000 80,000 56,000 284,000 100,000 320,000 (256,000) 64,000 464,000 28,000 308,000 (244,000 64,000 376,000 32,000 60,000 92,000 72.000 60.000 224.000 24,000 25,600 49,600 48.000 16,000 113,600 Long-term assets Property, plant, and equipment Less: Accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Total current assets Bonds payable Deferred income taxes Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders" equity Samer Company Income Statement For the year ended December 31, 2021 Sales Cost of goods sold Gross margin Depreciation expense Other operating expenses Net operating income Loss on sale of equipment Income before taxes Income tax expense Net income 80,000 160,000 240,000 464,000 120.000 142,400 262,400 376,000 $280,000 160,000 120,000 20,000 60,000 40,000 16,000 24,000 9,600 14,400 Additional data on activities during 2021 are as follows: During 2021, Samer Company sold used equipment for $12,000 that had cost $60,000 with accumulated depreciation of S32,000. New equipment was purchased for $48,000 cash. Cash dividends totaling $32,000 were paid. . Long-term investments that had cost $72,000 when purchased were sold for $72,000. . Common stock was issued for $40,000 Required: Prepare the operating activities section of the statement of cash flows using the indirect method