a) The Garfield Ltd company uses the indirect method for preparing its statement of cash flows. It reported a net income of $100,000 for the year 2016.

During the year 2016, the working capital accounts were changed as follows:

Increase in accounts receivable: $22,000

Increase in accounts payable: $18,600

Increase in inventory: $14,800

Decrease in non-trade notes payable: $30,000

Increase in available for sale securities: $32,000

The depreciation expense was $34,000 for the year 2016.

Compute net cash provided (used) by operating activities using the indirect method

b)Anastasia and Georgina are in partnership sharing profits and losses in the ratio 3:2. Georgina is entitled to a salary of $9,000 and interest on capital is paid at a rate of 8% per annum. The partners' capital balances are:

Anastasia $75,000

Georgina $60,000

The partnership statement of profit or loss for the year shows a profit of $58,500.

Calculate how much of the total profit is Anastasia is entitled to.