Can you help me to solve question 5 ? Thank you very much.

Dec. 31, 2013 Dec. 31, 2012 Assets Cash .. ...... . 5. $234,660 $219,720 Accounts receivable (net) 85,440 78,360 7080 Inventories .... 240,660 231,420 Investments ... 0 90,000 9240 Land ... . .... 123,000 (930to) 0 123000 Equipment..... 264,420 207,420 Accumulated depreciation-equipment ... (62,400) (55,500) 57000 $885,780 $771,420 16960 Liabilities and Stockholders' Equity V Accounts payable (merchandise creditors) ... concert $159,180 $151,860 73 20 Accrued expenses payable (operating expenses) ... eventis 15,840 19,740 13900 Dividends payable........ 9,000 7,200 1800 Common stock, $1 par...... 48,000 36,000 Paid-in capital in excess of par-common stock .access 180,000 105,000 75 060 Retained earnings..... .. . 473,760 451,620 92 140 $885,780 $771,420 The following additional information was taken from the records: a. The investments were sold for $ 105,000 cash b. Equipment and land were acquired for cash c. There were no disposals of equipment during the year d. The common stock was issued for cash e. There was a $58,140 credit to Retained Earnings for net income Net income 5814 f. There was a $36,000 debit to Retained Earnings for cash dividends declared Instructions: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities investing | financing activities Question 5: CORBIN COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales (all on account) $600,500 $519,600 Expenses Cost of goods sold 414,000 353,000 Selling and administrative | 119,900 113,600 Interest expense 9,000 6,900 Income tax expense 18,100 13,300 Total expenses 561,000 486,800 Net income $39,500 $32,800 CORBIN COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash $20,100 $17,100