Q2 (18 marks) PART A (14 marks) The omparative Balance Sheets of Chire Chance Co. se at December 31, 2019 and 2020 s fot 2019 Cad Accounts reble (net $90,000 73,000 $ 78,000 $5,000+ 106,500- 90,000- Equipme 410,000 370.000- Accumulated depreciation 150.000 LISAD 1534.500 Accounts payable (mercation retr $53,500 $55,000- Cash did pable 5,000 Common mock, $10 par 262,000 230,000- Retained in 214,000 176.100 $465.000 PART B (4 merk The activities listed in the table belowmay have an effect on the statement of cash flows Drew up the table and fill in the blanks of items (b) to (e) (1) classify mech of the activity (operating investing or financing adivity) should be reported thin the statement of cash flows and (2) determine ch of the atty cash effect (incare ar decrease in cash) in the statement of flows tem(a) is dose as an esplen Classification within the Effect on the state statement of cash flow of cash flow (operating investing dincrease or decrease in Dancing activity) Increase in cache Activity Reosvnd cash for l b) End the weekly reall med tonde payette for cad Operating anty (4) Purduet treunay Back for chn th (Sold a long-term sek Linvested for cut at back yeste Additional infonation relevant a year 2020 are provided follow 1) An equipment coding $125,000 was purchased for cach 2) Eqpmting $35,000 with scumulated depreciation of $65,000 was cold for $15,000 3) Common neck was issued for cash 4) The movement in the retained earnings account was set income of $56,000 and cat dividende declared and paid of $18,000 Required Prepare a statement of cash flows using the indirect method Assume Chisa Chance Cs reported aviad paid under fancing adve