Please help to provide answer for required questions below.

m Company reported the following information for the year 2018: lam Company Income Statement For the Period Ended December 31, 2018 Sales $636,000 Cost of Goods Sold 240,000 Gross Plret 396,000 Office Expenses 242,000 Depreciation Expense m Income from Operations 145,000 Interest Expense 0 Income before Income Tax 145,000 Income tax expense 120,000 Net Income $25,000 2am Company Comparative Balance Sheets December 31, ZBXX M M Assets: Cash and cash equivalents $84,000 $48,700 Accounts Receivable 53,600 50,000 Inventory 39,600 39,000 Prepaid Expenses 5,500 15,000 Equipment 206,000 200,000 Accumulated Depreciation - Equipment 1 126,100) g 1 17,700) Total assets $262,000 $235,000 Liabilities: Accounts Payable $48,000 $49,000 Accrued Liabilities 44,000 42,000 Stockholders' Equity: Common Stock 10,000 9,000 Retained Earnings 160,000 135,000 Total Liabilities & Si Equity $262,000 $235,000 I:I Additional information: 1. No equipment was sold throughOut the year, so the change in accumulated depreciation is a result of depreciation expense for the year. 2. Stock was issued for cash. 3. Equipment was purchased with cash. Required: 1. Prepare a FULL statement of cash ows for the year 2018, including the Operating, Investing and Financing sections, assuming that may Company uses the INDIRECT method. 2. Can a company have a positive cash ow and negative income? What about positive income and negative cash ow? Explain your