CAN YOU CLEARLY HELP ME ANSWER THIS ACCOUNTING PROBLEM

On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $14,300 cash. At the time of purchase, the company planned to use the land for a warehouse site. In Year 3, Prairie Enterprises changed its plans and sold the land. Required a. Assume that the land was sold for $15,873 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? b. Assume that the land was sold for $13,442 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Reg A1 Req AZ and A3 Req B1 Req B2 and B3 Assume that the land was sold for $15,873 in Year 3. Show the effect of the sale on the accounting equation. (Enter any decreases to account balances with a minus sign.) PRAIRIE ENTERPRISES Year 3 Accounting Equation Stockholders' Equity Land = Common Stock + Retained Earnings = Assets Cash KROGAT Req A2 and A3 > Reg A1 Reg A2 and A3 Req B1 Req B2 and B3 Assume that the land was sold for $15,873 in Year 3. What amount would Prairie report on the Year 3 income statement related to the sale of the land? What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? U TELUI CASTI HUWSTerdeu lle Sdie Ol the land? Complete this question by entering your answers in the tabs below. Req A1 Reg A2 and A3 Req B1 Req B2 and B3 Assume that the land was sold for $13,442 in Year 3. Show the effect of the sale on the accounting equation. (Enter any decreases to account balances with a minus sign.) PRAIRIE ENTERPRISES Year 3 Accounting Equation Stockholders' Equity Land Common Stock + Retained Earnings Cash Reg A1 Reg A2 and A3 Req B1 Req B2 and B3 Assume that the land was sold for $13,442 in Year 3. What amount would Prairie report on the Year 3 income statement related to the sale of the land? What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? 16.2.