Q3. (25 marks) MNP Inc. have gathered together the following data from the accounting records: Payments of non-current debt$220,000 Collections on accounts receivable215,600 Acquisition of equipment by issuing non-current note payable90,000 Interest revenue15,600 Credit sales350,600 Loan collections48,200 Proceeds from sale of investments, not including $4.200 gain38.200 T RI Chip o Loan collections48,200 Proceeds from sale of investments, not including $4,200 gain38,200 Salary expense105,700 Cash payments to purchase capital assets72,000 Cost of goods sold425,000 Collection of interest revenue 15,500 Payment of cash dividends36,200 Income tax expense and payments 41,500 Proceeds from sale of capital assets, not including $7,200 loss32,500 Cash receipt of dividend revenue 20,200 Payment of salaries 95,600 Depreciation expense 72,500 Cash sales208,000 Proceeds from issuance of common shares350,000 Loan to another company50,000 Interest expense and payments61,000 Bonds payable converted into common shares 250,000 Payments to suppliers285,000 Cash balance: December 31, 201655,500 Cash balance: December 31, 2017122,400 Prepare the cash flow statement for the year ended December 31, 2017 using the direct method A A Cash balance: December 31, 2017122,400 v Eve Prepare the cash flow statement for the year ended December 31, 2017 using the direct method under ASPE and including a schedule of noncash investing and financing activities, if necessary. T