answer pls as soon as possible

lital.lyryx.com/quiz-servlets/QuizServlet?ccid=11217 Question 3 [30 points] Use the Vision Consulting Inc, financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method Additional Information: a. Purchased equipment for $37,000 cash. b. Sold the long-term investment on January 1, 2014 for $23,000. c. Sold equipment for $12,000 cash that had originally cost $40,500 and had $38,000 of accumulated depreciation. d. Issued $45,000 of bonds payable at face value. e. The short-term investment is a treasury bill that was purchased with maturity in 90 days. (select one) Statement of Cash Flows (select one) Cash flows from operating activities Vision Consulting Inc. Comparative Balance Sheet Information December 31 Assets 2014 2013 Cash 275,800 125,000 Short-term investments 35,000 27,000 Accounts receivable 36,500 61,000 Merchandise inventory 156,700 96,000 Long term investment 0 35,000 Equipment 226,500 230,000 Accumulated depreciation (102,000) (110,000) Total assets 628,500 464,000 Adjust to reconcile net income to cash provided by oper. act.: Cash flows from investing activities X Cash flows from financing activities X Liabilities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earnings Total liabilities and equity Net increase (decrease) in cash Cash at beginning of year Cash at end of year 82,000 29,000 45,000 271,000 201,500 628,500 51,000 31,000 0 271,000 111,000 464,000 Vision Consulting Inc. 1 - ENG 05 A 14 Cash flows from investing activities Merchandise inventory Long term investment Equipment Accumulated depreciation Total assets 156,700 96,000 0 35,000 226,500 230,000 (102,000) (110,000) 628,500 464,000 Cash flows from financing activities Liabilities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earings Total liabilities and equity 82,000 29,000 45,000 271,000 201,500 628,500 51,000 31,000 0 271,000 111,000 464,000 Net increase (decrease) in cash Cash at beginning of year Cash at end of year Vision Consulting Inc. Income Statement For Year Ended December 31, 2014 Sales 790,000 Cost Of Goods Sold 630,000 Depreciation expense 30,000 Other expenses 37,000 (697,000) Loss on sale of long-term investment (12,000) Gain on sale of equipment 9,500 Net income 90,500