I need answers for each questions with simple formula

asap please.

Just solve the question number 1(a,b,c)

1. Financial information for Crush It Inc. is given below. a. Prepare a complete statement of cash ows for 2011 using the indirect method complying with IFRS. b. Disclose any noncash investing and nancing activities in a note. c. Crush It's competitor Liberty Inc. has the same net cash change of $77,000 for 2011. Can we conclude that the two companies achieved similar management performance? Why or why not? Explain briey. Crush It Inc. Comparative Balance Sheets Dec. 31, 2011 and 2010 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses Total Current Assets Equipment Accum. Depr Equipment Total Assets Liabilities and Equity Accounts payable Tax payable Shortterm borrowing Longterm notes payable Common stock, $5 par Retained earnings Total liabilities and equity 2011 158,000 77,500 240,000 15,000 490,500 252,250 (110,750) 642,000 20,000 30,000 15,000 100,000 245,000 232,000 642,000 2010 81,000 81,000 250,000 17,000 429,000 200,000 (95,000) 534,000 100,000 20,000 10,000 77,500 200,000 126,500 534,000 Crush It Inc. Income Statement For Year Ended December 31, 201 1 Diff 77,000 Sales 1,200 ,0 00 (3,500) Cost of goods sold 595,400 (10,000) Gross prot 604,000 (2,000) 61,500 Depreciation expenses 38,600 62,250 Interest expenses 10,000 (15,750) Operating expenses 342,000 108,000 Other gains (losses) Loss on sale of equipment (2,100! Income before taxes 211,300 (80,000) 10,000 Income taxes expense 40,000 5,000 Net Income 171,300 22,500 45,000 105,500 108,000