MASH Inc.
Statement of Financial Position
as at December 31,
			2022		2021
Current assets
	Cash		$48,000		$36,000
	Accounts receivable		60,000		50,000
	Inventory		95,000		101,000
			203,000		187,000
Land			750,000		400,000
Building			1,200,000		1,200,000
Accumulated depreciation, Building			-400,000		-350,000
Equipment			250,000		300,000
Accumulated depreciation, Equipment			-110,000		-100,000
			$1,893,000		$1,637,000
Current liabilities
	Accounts payable		$80,000		$45,000
	Unearned revenue		30,000		-
	Current portion of long-term debt		40,000		40,000
			150,000		85,000
Mortgage payable			440,000		480,000
Common shares			250,000		150,000
Retained earnings			1,053,000		922,000
			$1,893,000		$1,637,000
MASH Inc.
Statement of Income
for the year ended December 31,
			2022		2021
Sales			$1,500,000		$1,390,000
Cost of goods sold			900,000		764,500
Gross margin			600,000		625,500
Operating expenses
	Advertising and promotion		37,000		32,200
	Bank charges		1,500		1,100
	Depreciation (note 1)		70,000		72,000
	Insurance		18,000		17,000
	Interest		24,000		26,000
	Office		21,000		18,000
	Repairs and maintenance		13,500		15,000
	Telecommunications		9,000		8,800
	Utilities		16,000		15,400
			210,000		205,500
Operating income			390,000		420,000
Other income (expenses)
	Loss on sale of equipment		-25,000		0
Net income before tax			365,000		420,000
Income tax			55,000		63,000
Net income			$310,000		$357,000
Note 1
Of the $70,000 depreciation expense, $50,000 relates to the building
and $20,000 relates to the equipment.
Required:
a) Prepare the Cash Flow from Operations section of the Cash Flow Statement
for the year ended December 31, 2022.
b) Prepare the Cash Flow from Investing section of the Cash Flow Statement
for the year ended December 31, 2022.