A. A partial balance sheet for orange company is presented below. Orange Company Income statement For the year Ended December 31, 2019 Sales Cost of goods sold Gross Profit Operating expenses: Salaries $225 Depreciation expense 90 Miscellaneous 113 Net Income $2,250 1,350 $900 (428) $472 2017 Orange Company Balance Sheet As at 31st December 2019 2018 Cash 2,250$ Account receivable 1,350 Inventories 2,835 Prepaid expenses 225 Furniture 4,500 Accounts Payable 675 Salaries Payable 540 Short term Bank Loan 2,250 1,800$ 3,600 2,475 250 3,150 675 90 2,000 Required: Prepare the operating activities section of the statement of cash flows using indirect method. $ A. The balance sheet of Fahmy plc. shows the following information in its assets and liability and equity section: Assets Non-current assets 500,000 Current assets 200,000 Total Assets 700,000 200,000 Liabilities and Equity Total Liabilities Equity: Share capital: ordinary shares of $ 5 each Reserves: Share premium Reserves: Retained earnings Total Liabilities and Equity 250,000 50,000 200,000 700,000 Fahmy Plc. Needs to raise more cash and decided to make 1 for 2 rights issue, fully paid in cash at a price $7 per share. Required: Show by using detailed workings the effect on the balance sheet accounts of the rights issue