Please solve it clearly.

1. Use the following data of ABC Ltd. to construct a statement of cash flows using the indirect methods: (Amount in) 20X2 20X1 Cash $4,000 $14,000 Accounts Receivable $25,000 $32,500 Prepaid Insurance $5,000 $7,000 Inventory $37,000 $34,000 Fixed Assets $ 316,000 $ 270,000 Accumulated Depreciation $-45,000 $-30,000 Total Assets 3,42,000 3,27,500 Accounts Payable $18,000 $16,000 Wages Payable $4,000 $7,000 Debentures $ 173,000 $ 160,000 $ Accumulated Depreciation Total Assets Accounts Payable Wages Payable Debentures Equity Shares Retained Earnings Total Liabilities & Equity $-45,000 $-30,000 3,42,000 3,27,500 $18,000 $16,000 $4,000 $7,000 173,000 $ 160,000 $88,000 $84,000 $59,000 $60,500 3,42,000 3,27,500 20X2 2,00,000 (1 23 000) Sales Cost of Goods Sold Total Liabilities & Equity 3,42,000 3,27,500 20X2 Sales 2,00,000 Cost of Goods Sold (1,23,000) Depreciation $-15,000 nsurance Expense $-11,000 Wages $-50,000 Net Profit $1,000 During the financial year 20X2 company ABC Ltd. declared and paid dividend of 2,500. Total Liabilities & Equity 3,27,500 Sales Cost of Goods Sold Depreciation Insurance Expense Wages 3,42,000 20X2 2,00,000 (1,23,000) $-15,000 $-11,000 $-50,000 Accounts Payable $18,000 $16,000 Wages Payable $4,000 $7,000 Debentures $ 173,000 $ 160,000 Equity Shares $88,000 $84,000 Retained Earnings $59,000 $60,500 Total Liabilities & Equity 3,42,000 3,27,500 20X2 Sales 2,00,000 Cost of Goods Sold (1,23,000) Depreciation $-15,000 Insurance Expense $-11,000 Wages $-50,000 Net Profit $1,000 During the financial year 20X2 company ABC Ltd. declared and paid dividend of 2,500. During 20X2, ABC Ltd. paid 46,000 in cash to acquire new fixed assets. The accounts payable was used only for inventory. No debt was retired during 20X2