Please help. Question at the bottom of the page. Thanks so much
The Balance Sheets for Jackson, Inc. for the years ending December 31, 2019 and 2018 are shown below: Dec 31, 2019 143,290 47,660 (2.300) 4.200 Cash Accounts Receivable Allowance for Doubtful Amounts Prepaid Insurance Prepaid Rent Inventories Land Buildings Equipment Delivery equipment Less: Accumulated Depreciation Buildings Equipment Delivery Equipment Patents Dec 31, 2018 B8.300 40,500 (2.200) 3,200 5,600 58,200 80.000 175,000 74,000 29.000 70,960 100.000 175,000 74,000 48,000 (13,000) (48,500) (9,500) 7,500 597 310 (7.500) (35,500) (26,500) 17,700 499,800 Dec. 31, 2018 29,000 5,900 155,400 Accounts payable Accrued liabilities Mortgage payable Bonds payable Premium on Bonds Common Stock ($2PV) Additional paid-in capital - Common Stock Additional paid-in capital - Treasury Stock Retained earnings Less: Treasury Stock Dec 31, 2019 24,000 5,500 89,000 100,000 4.200 55.000 82,500 1.500 247.610 (12.000) 597,310 50,000 67,500 212,000 (20,000) 499,800 The income statement for 2019 is as follows: Sales Cost of sales Gross profit Operating expenses Net Gain (Loss) Net income (Loss) 874,060 (546.400 327,660 (176,500) 700 151.860 1. On Jan. 3, 2019 Jackson, Inc, declared and distributed a 5% stock dividend when the FMV was $8/sh. 2. On December 1, 2019 cash dividends of $3.50 pershare were declared and paid. 3. Delivery equipment which cost $23,000 and book value of $2,000 was sold for $4.200. 4. Amortization on patents was $2,200. 5. Sold $8,000 patents for $6,500 cash. 6. Issued Bonds on December 31, 2019 7. Purchased new delivery equipment. 8. Reissued Treasury Stock for $9,500. 9. Purchased Land Instructions (a) From the information above, prepare a statement of cash flows (indirect method) for Jackson, Inc. for the year ended December 31, 2019. (b) From the information above, prepare a schedule of cash provided by operating activities using the direct method