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I Would love it if someone can answer this for me. Thank youu!! O'Hura Company had the following information available at the end of 2018

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image text in transcribedI Would love it if someone can answer this for me. Thank youu!!

O'Hura Company had the following information available at the end of 2018 Income Statement For Year Ended December 31, 2018 Sales Cost of Goods Sold Gross Profit Operating Expenses 110,460 41,950 68,510 Depreciation Salaries Insurance Rent Utilities 9,200 22,810 950 12,400 5,950 Total Operating Expenses Operating Income Other Expenses/Losses: 51,310 17,200 Gain on Sale of Plant Assets Loss on Sale of Investments Interest Expense I ,600 350 720 Income Before Taxes Income Tax Expense Net Income 530 17,730 3,930 13,800 The following additional information is available: a. Cash dividends of S5,500 were declared and paid b. Investments costing $5,200 were sold for $4,850 cash c. Plant assets costing $53,700 were purchased by paying $33,700 in cash and signing a $20,000 note pavable for the balance d. Common stock with a par value of S5,000 was issued for $6,200 cash e. Plant assets costing $18,200 with accumulated depreciation of $14,100 were sold for S5,700 cash f. Bonds payable with a face value of $8,000 were issued for $8,000 cash g. $7,200 of the long-term notes payable were paid REQUIRED: A. Complete a set of cash flow T-accounts using the indirect method of computing cash flows from operations B. Prepare a formal cash flow statement using the indirect method. C. Complete a set of cash flow T-accounts using the direct method of computing cash flows from operations DIRECT: CASH 2,750 Accounts Receivable Merchandise Inventor 4,170 6,580 Investments Beg Beg 1,685 Beg OPERATING: Cash Receipts From Cash Payments For End 830 End Prepaid Insurance 9,750 4,550 Accum. Depr Beg 840 Beg End 650 Plant Assets Beg 32,270 8,460 Beg End 67,770 3,560 End Accounts Payable Salaries Payable 3,155 Beg 720 Beg INVESTING: 4,340 End 270 End Income Taxes Pavable Long-Term Notes Payable 410 Beg 7,200 Beg 560 End 20,000 End FINANCING: Bonds Pavable 0 Common Stock 15,000 20,000 Retained Earnin Beg Beg 8,000 End End APIC 4,200 Beg 12,320 Beg End 2,370 5,400 End 20,620 End

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