Please help me with the below question and show steps for requirement 3.

The records of Koop Co. provided the following information for the year ended 31 December 20X8: Statement of Comprehensive Income For year ended 31 December 20KB Sales revenue $ 347,100 Cost of goods sold {252,700} Depreciation expense {19,400} Insurance expense {2,000} Interest expense (4,000} Salaries and wages expense {24,000} Remaining expenses {25,000} Loss on sale of equipment (4,000} Income tax expense {14,800} Net earnings and comprehensive $ . 200 Income Statement of Financial Position As of 31 December 20KB 2000' Cash $ 122,000 $ 57,000 Accounts receivable 52,000 54,500 Inventory 31,000 19,000 Prepaid interest 2.500 4,500 Buildings and equipment 150,400 145,500 Accumulated depreciation {39,000} (38,400} Land 150,500 72,000 Total $ 479,500 $330,400 Accounts payable 3; 39,300 $ 34.300 Wages payable 4,000 7,700 Income tax payable 11,000 Notes payable, long-term 112,000 58,000 Common shares 285,000 193,500 Retained earnings 27.300 35,900 Total $ 479,500 $330,400 Additionai information: a. Sold equipment for cash (cost. $28,500; accumulated depreciation, $20,500). b. Purchased land, $32,800 cash. c. Acquired land for $35,800 and issued common shares as payment in full. d. Acquired equipment, cost $30,700; issued a $30,200, three-year, interest-bearing note payable. Required: Prepare the SCF, using the two-step indirect method. Analyze every account to ensure all changes are included. Assume unexplained changes are from logical sources. (Deductible amounts and Cash outflows should be indicated with minus sign.) KOOP COMPANY Statement of Cash Flows For the year ended 31 December 20X8 Operating activities Net earnings $ 200 Adjustments for non-cash items: Depreciation 19,400 oss on sale of equipment 4,000 Changes in current assets and current liabilities: Increase in accounts receivable 7,400) Increase in inventory 12,000 Decrease in prepaid interest 2,000 Increase in accounts payable 5,000 Decrease in wages payable 3,700) Increase in income tax payable 11,000 Net cash flows from operations $ 18,500 Investing activities: Sale of equipment 4,100 Purchase of land 37,800 Net cash flows used for investing $ (33,700) Financing activities: Cash dividends paid (9,800) Issued long-term note 23,300 Issued common shares 56,700 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL) Net cash flows from financing $ 70,200 Net increase in cash 65,000 Cash balance beginning of the year 67,000 Cash balance end of the year $ 122,000Following is a list of non-cash transaction to be disclosed. {You may select more than one answer. Single click the box with the question mark to produce a check marl: for a correct answer and double click the box with the question marl: to empty the be: for a wrong answer.) Land of $35,800 acquired for common shares. Equipment of $30300 acquired for note payable. I] Land of $30,700 acquired for common shares. I] Equipment of $35,300 acquired for note payable. Prepare separate disclosure of cash paid for interest and income tax, as is required by ASPE. {Deductible amounts and Cash outows should be indicated with minus sign.)