Selected financial statement information and additional data for abc co. is presented below. prepare a statement of cash flows for the year ending december 31, 2016 december 31 2015 2016cash $40,000 $ ? accounts receivable (net) 84,000 144,200inventory 168,000 201,600land 58,800 16,000equipment 504,000 789,600total $854,800 $1,224,400accumulated depreciation $84,000 $115,600accounts payable 50,400 86,000notes payable - short-term 67,200 29,400notes payable - long-term 168,000 302,400common stock 420,000 487,200retained earnings 65,200 203,800total $854,800 $1,224,400additional data for 2016: 1. net income was $240,200.2. depreciation was $31,600.3. land was sold at its original cost.4. dividends of $101,600 were paid.5. equipment was purchased for $84,000 cash.6. a long-term note for $201,600 was used to pay for an equipment purchase.7. common stock was issued to pay a $67,200 long-term note payable. instructions: (1) net cash provided (used) by operating activities(2) net cash provided (used) by investing activities