I need a step by step solution to these. I keep working both of them out, and coming up with the wrong answer!

h declined so sharply during the yeat problem as needed. l6 a cash basis for Y ROBLEM 13-14 pRObarative financial statements for Sho 4 Prepare a Statement of Cash Flows (Indirect Method) (101,LoS) prepare a statement of SHORES INC Comparative Balance Sheet December 31,Year 2 and Year Year 2 Assets Cash . Accounts receivable. Inventory Prepaid expenses Plant and equipment... Less accumulated depreciation Year . $8 355 120 12 612 (97) 17 $1,027 s18 233 168 475 (88) Long-term investments Total assets. $833 Liabilities and Stockholder's Equity Accounts payable.. .. Bonds payable . . .. Deferred income taxes Common stock . . . _ Retained earnings.. Total liabilities and stockholders' equity $ 321 62 288 45 205 106 $225 74 174 36 254 70 $1,027 $833 SHORES INC. ncome Statement For the Year Ended December 31,Year 2 $805 502 303 215 Less cost of goods sold.. Gross margin Less operating expenses (continued