Please help me solve the following 4 questions. Thank you

\fmu.\" 11.2 The following comparative balance sheets and other data are for Ceilular Telephone Prelim Statement 0f Sales, lnc.: cash Flows under the CELLULAR TELEPHONE SALES, INC. indirect method Comparative Balance Sheets (1.0. 4) December 31, 2008 and 2007 2008 2007 Assets Cash '5 }'6,105 $51,000 Accounts receivable, net 26,0?5 24,250 Merchandise {memory 30,000 35,000 Supplies on hand 1,750 2,550 Prepaid expemes 1,400 1,200 Land 180,000 142,500 Equ'prnent 2?0,000 300,000 Acwmulated depreciationequipment {T1000 3 ($500) Total assets $510,330 $489,000 Uahllities and Stodtholders' Equity Acoounts payable $ 45,330 $ 76, 300 Salaries payable 4000 2,000 Accrued liabiities payable 2,000 8,250 Long-tam note payable 150,000 150,000 Common stock ($5 par) 185,000 16 5,000 Paid-in capital it excees of per 32,500 D Retained earnings 91,500 8?,450 Total Iiabiitis and stockholders' equity $510,330 $489,000 Cttpyrigltleti m: CHAPTER 11 Analysis Using the Statement of Cash Flows 347 1. Land was bought for $37,500 cash. The company intends to build a building on the c Additional! data land. Currently the company leases a building for its operations. 2. Equipment costing $50,000 with accumulated depreciation of $30,000 was sold for $23,500 (a gain of $3,500), and equipment costing $20,000 was purchased for cash. 3. Depreciation expense for the year was $31500. 4. Common stock was issued for $52,500 cash. 5. Dividends declared and paid in 2008 totaled $32,950. 6. Net income was $37,000. 7. The company paid interest of $3,000 and income taxes of $17,000. Prepare a statement of cash ows under the indirect method. Also prepare any necessary c Required supplemental schedule(s)