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Statement of Cash FlowsThe following are several items involving the cash flowactivities of the ROCKY HORROR PICTURE CO. for 2016:Net income, $45,800Payment of dividends, $14,400Ten-year, $31,600 bonds payable were issued at face valueDepreciation expense, $24,900Building acquired at a cost of $38,400Accounts receivable decreased by $2,900Accounts payable decreased by $3,000Equipment acquired at a cost of $5,100Inventories increased by $5,700Beginning cash balance, $30,100Required:Prepare Rocky Horror Picture's statement of cash flows for 2016using the indirect method. Use a minus sign for any negativeamounts.ROCKY HORROR PICTURE CO.Statement of Cash FlowsFor Year Ended December 31, 2016Net Cash Flow From Operating Activities$Adjustments for differences between income flows and cash flowsfrom operating activities:$Cash Flows From Investing Activities$Cash Flows From Financing Activities$$$