Question 2: Use the following is the B S and other data to prepare cash flow statement: The balance sheet (statement of financial position) as of Dec. 31, 2018 Assets 2018 2017 Liabilities & equity 2018 2017 Current assets: Current Liabilities: Cash 2000 3000 A/P 5700 4500 AR 6000 4000 Accrued Salaries 3001 500 Inventory 6000 8000 Noncurrent Liabilities: Prepaid insurance 2000 1000 Notes payable 8,000 10,000 Noncurrent assets: Equipment 34,000 24.000 Shareholder's equity: Accumulated depreciation (10,000) (6,000) Shared capital 23,000 14,000 Retained earnings 3000 5000 40000 34000 4000034000 The net income 2000 The cash dividends: 4,000 The Co. purchase new equipment for 5,000 in cash