Edward Rashleigh is a corporate accountant with Noble Inc., a small independent book publisher and retailer. Noble has a small storefront and operates an e-commerce site. Edward joined Noble in July of Year 2 (the current year) and is preparing the companys year-end financial statements in accordance with ASPE. He has been asked to prepare the cash flow statement using the direct method. Edward has prepared the following:

Appendix I, balance sheet

Appendix II, income statement

Appendix III, excerpts from the notes to the financial statements

Answer using this template:

Noble Inc. Income statement Noble Inc. Income statement \begin{tabular}{|c|l|c|} \hline & \multicolumn{1}{|c|}{ A } & B \\ \hline 1 & Cash flows from operating activities & Amount \\ \hline 2 & Collections from customers & \\ \hline 3 & Payments to suppliers & \\ \hline 4 & Payments to employees & \\ \hline 5 & Payments for interest & \\ \hline 6 & Payments for income taxes & \\ \hline 7 & Net cash from operating activities & \\ \hline 8 & Cash flows from investing activities & \\ \hline 9 & Proceeds from sale of equipment & \\ \hline 10 & Purchase of equipment & \\ \hline 11 & Purchase of land & \\ \hline 12 & Net cash from investing activities & \\ \hline 13 & Cash flows from financing activities & \\ \hline 14 & Proceeds from loan & \\ \hline 15 & Payments on loan & 0 \\ \hline 16 & Payment of dividends & 0 \\ \hline 17 & Net cash from financing activities & \\ \hline 18 & Net change in cash & \\ \hline 19 & Cash at beginning of year & \\ \hline 20 & Cash at end of year & \\ \hline \end{tabular} Noble Inc. Balance sheet As at December 31 Capital assets All purchases and sales of capital assets during the current year affected cash. Equipment and computers and software purchases and sales: During the current year, the company sold a small mechanical printing press for $40,000 with a net book value of $40,000. It used the proceeds of the sale to purchase a new automated press for $90,000. As the new press was purchased in mid-December and was not operational until December 31, no amortization was taken during the year. Long-term debt Noble has agreed to pay the Regal Bank of Canada $28,000 in principal repayments each year at December 31. Additional principal repayments can be made at the company's request. Capital assets All purchases and sales of capital assets during the current year affected cash. Equipment and computers and software purchases and sales: During the current year, the company sold a small mechanical printing press for $40,000 with a net book value of $40,000. It used the proceeds of the sale to purchase a new automated press for $90,000. As the new press was purchased in mid-December and was not operational until December 31, no amortization was taken during the year. Long-term debt Noble has agreed to pay the Regal Bank of Canada $28,000 in principal repayments each year at December 31. Additional principal repayments can be made at the company's request. Noble Inc. Balance sheet As at December 31 Noble Inc. Income statement Noble Inc. Income statement \begin{tabular}{|c|l|c|} \hline & \multicolumn{1}{|c|}{ A } & B \\ \hline 1 & Cash flows from operating activities & Amount \\ \hline 2 & Collections from customers & \\ \hline 3 & Payments to suppliers & \\ \hline 4 & Payments to employees & \\ \hline 5 & Payments for interest & \\ \hline 6 & Payments for income taxes & \\ \hline 7 & Net cash from operating activities & \\ \hline 8 & Cash flows from investing activities & \\ \hline 9 & Proceeds from sale of equipment & \\ \hline 10 & Purchase of equipment & \\ \hline 11 & Purchase of land & \\ \hline 12 & Net cash from investing activities & \\ \hline 13 & Cash flows from financing activities & \\ \hline 14 & Proceeds from loan & \\ \hline 15 & Payments on loan & 0 \\ \hline 16 & Payment of dividends & 0 \\ \hline 17 & Net cash from financing activities & \\ \hline 18 & Net change in cash & \\ \hline 19 & Cash at beginning of year & \\ \hline 20 & Cash at end of year & \\ \hline \end{tabular} Noble Inc. Balance sheet As at December 31 Capital assets All purchases and sales of capital assets during the current year affected cash. Equipment and computers and software purchases and sales: During the current year, the company sold a small mechanical printing press for $40,000 with a net book value of $40,000. It used the proceeds of the sale to purchase a new automated press for $90,000. As the new press was purchased in mid-December and was not operational until December 31, no amortization was taken during the year. Long-term debt Noble has agreed to pay the Regal Bank of Canada $28,000 in principal repayments each year at December 31. Additional principal repayments can be made at the company's request. Capital assets All purchases and sales of capital assets during the current year affected cash. Equipment and computers and software purchases and sales: During the current year, the company sold a small mechanical printing press for $40,000 with a net book value of $40,000. It used the proceeds of the sale to purchase a new automated press for $90,000. As the new press was purchased in mid-December and was not operational until December 31, no amortization was taken during the year. Long-term debt Noble has agreed to pay the Regal Bank of Canada $28,000 in principal repayments each year at December 31. Additional principal repayments can be made at the company's request. Noble Inc. Balance sheet As at December 31