Use the following information to answer questions 11 - 13: Consider the following information in preparing a statement of cash flows for Martin Corp. Net income $40,000 Depreciation expense $15,000 Increase in accounts receivable $12.000 Decrease in inventory $8,000 Decrease in accounts payable $6,000 Increase in accrued liabilities $7,000 During the year, Martin also had the following transactions: 1. Sold a piece of equipment with a cost of $25,000 and an accumulated depreciation of $18,000, for $9,000 2. Had additional purchases of plant and equipment of $35,000. 3. Issued bonds payable for $10,000. 4. Issued common stock for $14,000. 5. Paid a cash dividend of $5,000. Assume that Martin uses the indirect method of preparing a statement of cash flows. 11. What are cash flows from operating activities? 12. What are cash flows from investing activities? 13. What are cash flows from financing activities? 14. Stephens Company received cash by issuing common stock to Lindsey Company. How would each company report the transaction on their statement of cash flows? a. Stephens would report a cash inflow from financing activities. b. Lindsey would report a cash outflow from investing activities. c. Both of the above. d. None of the above