Please only do Cash Flow from Investing Activities, show all steps of calculations in order to arrive at the correct value to record.

Part B (20 marks) The following are Wicker Ltd's balance sheets for December 31, 2009 and 2008, and its income statement for the year ended December 31, 2009. Wicker LTD. Balance Sheet December 31 2009 2008 Assets Cash Accounts receivable Inventory Plant and equipment Accumulated amortization-plant and equipment Patent Total assets S 320,000S 75,000 750,000 500,000 8,800,0006,500,000 (3,962,500) (3,250,000) 80,000 S 6,542,500 $ 4,655,000 735,000 580,000 70,000 Liabilities and shareholders' equity Accounts payable Unearned revenue Long term debt Common shares Retained earnings Total liabilities and shareholders' equity S 232,000 $ 200,000 30,000 110,000 2,210,500545,000 2,300,000 2,100,000 ,770,0001,700,000 S 6,542,500 $ 4,655,000 Wicker LTD. Income Statement Year ended December 31, 2009 Sales Cost of goods sold $9,000,000 S 5,400,000 812,500 10,000 ization- plant and equipment Amortization patent Other expenses Net income 2,507,000 8,729,500 During the year, the company sold equipment with a book value of $100,000 for $60,000 cash. The loss on sale is included with "other expenses". Required 1. Use the indirect method to prepare a cash flow statement for Wicker for the year ended December 31, 2009. (18 marks)