Prepare the financing section of the statement of cash flows forthe year ended December 31, 2018.

13) Dakota Telescopes Company uses the indirect method toprepare the statement of cash flows. Refer to the following incomestatement:

                                  Dakota Telescopes Company

                                            Income Statement

                                Year Ended December 31, 2019

SalesRevenue                                                  $275,000

InterestRevenue                                                    2,600

TotalRevenues                                                                                  $277,600

Cost of GoodsSold                                            135,000

SalaryExpense                                                     66,500

DepreciationExpense                                         32,000

Other OperatingExpenses                                35,900

InterestExpense                                                     2,400

Income TaxExpense                                             6,500

Loss on Sale of PlantAssets                                2,000

Total Expenses andLosses                                                               280,300

NetLoss                                                                                               ($2,700)

Additional information provided by the company includes thefollowing:

Current assets other than cash decreased by $25,000.

Current liabilities increased by $3,000.

Prepare the operating activities section of the statement ofcash flows.