1. In 2012, Portage la Prairie Kayak Corp. (PPK) sold some land at cost and added an addition to their building. PPK earned a net income of $47,000 and paid dividends of $75,000 as well. Depreciation expense for the building was $15,000,$11,000 for the furniture and $20,000 for the equipment. a) How much did the company spend on the building, the furniture and the equipment during the year? b) Prepare a Cash flow statement for the year ending December 31, 2012 based on the following Statement of Financial Position and the information above. Portage la Prairie Kayak Corp. Statement of Financial Position as at December 31, 2012