Please help:( include formulas and how you solved step by step, please! i would greatly appreciate it:)
The Kybo Sports Company began operations on July 1,20XX. The adjusted trial balance as of December 31,20XX, appears below, along with transaction data for 20xx Additional data: 1. Land costing $14,000 was sold for $14,000. 2. A mortgage note was issued for $60,000. 3. A building was constructed for $114,000. 4. 2,500 shares of common stock were issued at $30 in exchange for the bonds payable, 5. Cash dividends declared were $74,660. From the balance sheet: Prepare Kybo Sports' statement of cash flows for the year ended December 31, 20XX, using the indirect method. Include a separate section for non-cash investing and financing activities. Use these categories: - Cash at Beginning of Year - Cash paid - construction of Building Prepare Kybo Sports' statement of cash flows for the year ended December 31, 20XX, using the indirect method. Include a separate section for non-cash investing and financing activities. Use these categories: - Cash at Beginning of Year - Cash paid - construction of Building - Cash Payment - Dividends - Cash received - issue mortgage Note Payable - Cash received from Sale of Investments - Cash received from Sale of Land - Decrease in Accounts Payable - Decrease in Accounts Receivable - Decrease in Income Tax Payable - Depreciation Expense-Plant Assets - Gain on Sale of Investment - Increase in Accrued Liabilities - Increase in Inventories - Increase in Prepaid Expenses - Issue of Common Stock to Retire Bond Payable - Net Income - Patent Amortization Kybo Sports Statement of Cash Flows - Indirect Method For Year Ending December 31, 20XX Description Amount Total Adjustments to reconcile Net Income to Net Cash flows Changes in Current Operating Assets \& Liabilities Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows used for Investing Activities Cash Flows from Financing Activities: Net Cash provided by Financing Activities Net Cash provided by Financing Activities Net Increase (Decrease) in Cash Cash at End of Year Non-Cash Investing \& Financing Activities: Total Non-Cash Investing \& Financing Activities