WO Review View A- A Aa ABCD AalthCcDE ale X, X AaBbccDc AaBbcode Aa Heading 1 Heting 2 Norma No Spacing T I 3- The income statement and comparative balance sheet of Edison Corporation is given below: ABC Corporation Income statement on December 31, 2019 Sales 3450 Cost of Goods sold 2350 Gross profit 1100 Selling and admin expenses 465 635 Other revenues and gains Gains on sales on investment 40 Earnings before tax 675 Tax 270 Net Income 405 During the year 2019, a dividend of $130 was declared and paid by management of ABC Corporation. Some plant assets were purchased during 2019 and the payment was settled by issuing common stock amounting to $35. ABC Corporation Comparative Balance sheet English (United States) Focus During the year 2018 a dividend of $130 was declared and paid by management of ABC Corporation. Some plant assets were purchased during 2019 and the payment was settled by issuing common stock amounting to $35. ABC Corporation Comparative Balance sheet As on December 31, 2019 and 2018 2019 2018 2019 2018 Assets: Liabilities and Equity: Cash 900 575 Payables 600 450 Receivables 875 650 Accrued liabilities 100 125 Inventory 800 950 Bonds payable 700 775 Plant assets 950 850 Common stock 950 850 Accumulated depreciation (600) (585) Retained earnings 1225 950 Long-term investments 650 710 Total Assets 3575 3150 Total L & E 3575 3150 Required: Using the data given above, prepare statement of cash flows of ABC Corporation using indirect method (e.g. cash flow from operations, investing and financing). (5 marks) Focus English (United States