I am at a stand still with cash flow statement and I am having a hard time preparing them for some reason (even when using the text book.) Could I please identified the areas I need to look at to come up with the correct answer?

under ASPE, at December 017 and 2016: ce sheet for Diatessaron Inc., a private company repor DIATESSARON LTD DIATESSARON INC. Cash Flow Statement Balance Sheet Year Ended December 31, 2017 Assets December 31 Cash 2017 2016 Operating activities Accounts receivable $ 67,000 $ 98,000 Inventory 101,000 75,000 155,500 Profit Long-term investment 205,000 000'89S Property, plant, and equipment 101,500 A.ess: Accumulated depreciation 535,000 460,000 Adjustments to reconcile profit to net cash (162,500) (140,000 Depreciation Expense $43,500 $847,000 $648,500 Loss on sale of Equipment 3,000 Liabilities and Shareholders' Equity Accounts payable Increase in Accounts Receivable (26,000)2 Dividends payable $ 57,500 $ 47,000 Income tax payable 6,000 Increase in Inventory (49,500) Long-term notes payable 14,000 15,000 Common shares 25,000 Increase in Accounts Payable 10,500 Retained earnings 630,000 525,000 114,500 61,500 Decrease in Income Tax Payable (1,000) $847,000 $648,500 Interest Expense 3,000 Interest Revenue (4,500) (21,000) DIATESSARON INC. Income Statement Net cash provided by operating activities 47,000 Year Ended December 31, 2017 Investing Activities Sales $663,000 Cost of goods sold 432,000 Purchase of plant, property, equipment (105,000) Gross profit 231,000 Purchase of long-term investments (101,500) Operating expenses $147,500 Loss on sale of equipment 3,000 150,500 Profit from operations 80.500 +000'9 Sale of Equipment (170.500) Interest expense 3,001 Net cash used by investing activities Interest revenue- (4,500) (1,500) Financing Activities Profit before income tax 82,000 Payments of Notes Payable Income tax expense 14,000 (3,000) Profit $68,000 Issue of Common Shares 105,000 Payment of cash dividends (15,000)5 Additional information: Net cash used by financing activities $87,000 1. Cash dividends of $15,000 were declared. A long-term investment was acquired for cash at a cost of $101,500.J Net decrease in cash (66,500) Depreciation expense is included in the operating expenses. Cash, January 1 98,000 The company issued 10,500 common shares for cash on March 2. 2017. The fair value of the shares was s share. The proceeds were used to purchase additional equipment. - Cash, December 31 31,500 Equipment that originally cost $30,000 was sold during the year for cash. The equipment had a carrying of $9,000 at the time of sale, . The company issued a note payable for $28,000 and repaid $3,000 by year end