$9-25$ACorp. follow. $4$ Seasons had no non$-$cash investing and financing transactions during$20$X$2.$ During the year, there were no sales of land or equipment, no issuance of notes payable, and no repurchase of shares transactions.BD$14$ Seasons Supply Corp.Comparative Balance SheetAs at December $31,20$X$2$ and $20$X$12$December $31320$X$220$X$1$Increase $($Decrease$)4567$Eurrent assetsCast and cash equivalentsAcounts receivableInventariesPrepaid expenses$9$Propery, plant, and quipment:$10$Land$11$Equipmen, nei$126$Total aseets$13$Nurrent habihtes$14$Accounts payable$15$Salary payable$16$Otter accrued liahilities$17$Long$-$serm liabilities:$18$Notes payable$19$Sharcholders' cquity$\mathrm{.}20$Common shares$21$Retained camings$22$Total labilities and shareholders equity$23$$$17,60027,20083\mathrm{.}6002,500$$$5,36027\mathrm{.}60087\mathrm{.}2001,900$$ $12,300(400)(5\mathrm{.}600)60089\mathrm{.}00053\mathrm{.}500$$ $273-$:$0060,00019\mathrm{.}400$$ $231\mathrm{.}40029\mathrm{.}0004\mathrm{.}100542\mathrm{.}000$$$35\mathrm{.}8003,10022,600$$$33\mathrm{.}7006\mathrm{.}60023,700$$ $2\mathrm{.}100(3,500)(1,100)75\mathrm{.}000100,000(25\mathrm{.}000)88,30045,600$$ $273\mathrm{.}40064,7002,700$$ $231,40025,600$$$5,900$$ $42\mathrm{.}000$D$14$ Seasons Supply Corp.Income StatementFor the Year Ended December $31,20$X$224678910111213$Revenues:Sales revenueExpenses.Cost of goods soldSalary expenseDepreciation expenseOther operating expenseInterest expenseIncome tax expenseTotal expensesNet income$ $228,700$$ $70,50027\mathrm{.}8001\mathrm{.}00010,50011\mathrm{.}60029\mathrm{.}100$$$153\mathrm{.}60055,100$Requirements$1.$ Prepare the $20$X$2$ statement of cash flows, formatting operating activities by using the indirect method$\mathrm{.}2.$ How will what you learned in this problem help you evaluate an investment?