Please provide working where necessary so I can follow the steps

The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distributed at a meeting of the company's board of directors. The members of the board of directors were desirous of knowing the reason or reasons why the cash balance different from the net income. The company uses the indirect method to prepare the statement of cash flows and it is expected that this should be able to provide the needed clarity required by the directors. The directors have asked each student from your accounting course to assist with the needed clarification and have put forward the following financial information grouped according to your surname initial (Hint!!!! Example surname Brown will use the initial B and that person should only use the info presented in line with the heading with their surname initial. You are not allowed to use info associated with initials other than that of your own as this will result in the forfeiture of the grade.) Having identified the information in line with your sumame you are next required to address the requirements outline below. Financial info to be used by surnames with initials (K, Q, M, F) Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/Decrease) Assets Cash 190,000 30,000 ? Accounts Receivable 220,000 230,000 ? Supplies 340,000 310,000 ? Prepaid expenses 10,000 30,000 ? Intangible assets 90,000 90,000 ? Equipment, net 900,000 790,000 ? Total Assets 1.750.000 1,480,000 Liabilities Accounts payable 140,000 90,000 ? Accrued liabilities 160,000 190,000 ? Income tax payable 140,000 120,000 ? Long-term notes payable 450,000 500,000 ? Stockholders' Equity Common Stock 310,000 200,000 ? Retained earnings 640,000 400.000 ? Treasury stock (90,000) (20,000) ? Total liabilities and stockholders' equity 1,750,000 1.480.000 1,960,000 Simple Things Industries Ltd Income Statement Year Ended December 31.2014 Revenues and gains: Sales revenue 1,900,000 Gain on sale of Equipment 60,000 Total revenues and gains Expenses Cost of goods sold 850,000 Depreciation expense 190,000 Other operating expense 360,000 Total expenses Income before income taxes Income tax expense Net Income 1,400,000 560,000 180.000 380,000 = Notes 450,000 Acquisition of Equipment during 2014 Sale proceed from sale of Equipment Receipt for issuance of notes payable Payment for note payable Dividend paid 210,000 50,000 100,000 140,000 Book value of equipment sold 150,000 Requirements 1. Reconstruct the company's comparative balance sheet for 2013/2014 using the information in line with your surname initial and compute and show the missing figures to include the appropriate sign as a positive or negative figure. 2. Which category of the statement of cash flow is considered as the most important? Why