please answer this questions

ACCT 103-W2021 Blackboard Assignment #3 Condensed financial data of Landrington Corporation appears below: Due: Sun, Apr 4 @ 5:00pm LANDRINGTON CORPORATION BALANCE SHEET DECEMBER 31, 2021 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant and equipment Accumulated amortization 2021 100,000 134,000 157,000 35,000 98,000 264,000 96,000 2020 43,000 80,000 129,000 38,000 51,000 215,000 80,000 - 692,000 476,000 Liabilities and Shareholders Equity Accounts payable Salaries payable Bank Loan Payable (long-term) Common shares Retained earings 100.000 37.000 145.000 265,000 145.000 83,000 35,000 195.000 105,000 58,000 692,000 476,000 692,000 476,000 Liabilities and Shareholders Equity Accounts payable Salaries payable Bank Loan Payable (long-term) Common shares Retained earnings 100,000 37,000 145,000 265,000 145,000 83,000 35,000 195,000 105,000 58,000 692,000 476,000 LANDRINGTON CORPORATION INCOME STATEMENT For the Year-ended December 31, 2021 2021 Sales 650,000 Cost of good sold 299,000 Gross margin 351,000 Operating expenses 80,000 Amortization expense 25,000 Operating income 246.000 Loss on disposal of equipment 46,000 Income before income tax 200,000 Income tax expense 27.200 172,800 Net income See the following page for Additional information. ACOT 103-W2021 Blackboard Assignment #3 Due: Sun, Apr 4 @ 5:00pm Additional Information regarding fiscal 2021: 1. New equipment costing $119,000 was purchased during the year with 94,000 paid in cash and the remainder financed through an addition to the bank loan. 2. There were no shares repurchased during the year. 3. Scheduled payments were made on the bank loan through the year. 4. There were no stock dividends in the year. Instructions 1) Using the indirect method, prepare a statement of cash flows for the year ended Dec. 31, 2021. (***Show your calculations for Investing and Financing section on a separate page for full marks.) 2) Prepare a note to the financial statements giving a summary of any non-cash investing and financing activities