Answer the following problems please it is due tonight:

1) The net income reported on the income statement for the current year was $112,000. Depreciation recorded on equipment and a building amount to $20,000 for the year. Balances of the current asset and current liabilities accounts at the beginning and end of the year are as follows: End of Year Beginning of Year 63,000 Accounts receivable (net) 70,000 Inventories 77,000 102,000 Prepaid expenses 4,500 4,000 58,000 50,000 Accounts payable (merchandise creditors) Salaries payable 6,000 7,500 Cash dividends payable 4,500 6,500 Required: Complete Table 1 and prepare the Cash Flows for Operating Activities section of the Statement of cash flow using the indirect method. (See templates below) Change * Table 1. Beginning and End of the year balances. (4 points) End of Year Beginning of Year Accounts receivable (net) 70,000 63,000 7,000 Increase Inventories 77,000 102,000 Prepaid expenses 4,500 4,000 58,000 50,000 Accounts payable (merchandise creditors) Salaries payable 6,000 7,500 Cash dividends payable 4,500 6,500 2,000 Decrease * Cash Flow from Operating Activities (45 points) Net Income $112,000 Adjustments to reconcile net income to net cash flow from operating activities. Add Depreciation Changes in current operating assets and liabilities: INCREASE accounts receivable 47,000) inventories prepaid expenses accounts payable salaries payable Net cash flow from operating activities * Cash dividends payable is not included in the Cash Flow from Operating Activities section above, please explain why. (1 point) 2) Indicate whether each of the following would be added (A) to or deducted (D) from net income in determining net cash flow from operating activities by the indirect method: (50 points) Indicate Added (A) or Deducted (D) from Net Income a) Increase in prepaid expenses b) Amortization of patents c) Decrease in salaries payable d) Gain on sale of fixed assets e) Decrease in accounts receivables f) Increase in notes receivables g) Increase in inventories h) Depreciation of fixed assets i) Decrease in accounts payable j) Increase in income taxes payable (Hint: See textbook, Chapter 16 "Adjustments to Income", 24h edition pages 723-725)