Question #4 (20 marks) Wolfsong Company's I/S, CFS, and B/S follow I/S (for 2018) Sales Expenses CGS $43,000 Wages 8,600 Insurance 800 $63,500 Depreciation Interest Tax Total expenses 1,700 900 2,900 57,900 NI $ 5,600 from CFS (for 2018) Cash collections customers $62,600 Cash Disbursements For: Purchases 46,300 Wages 8,300 Insurance 600 Interest 900 Taxes 3,000 Total disbursements CFO Investing: Acquisition of plant assets Financing: Issue of B/P 5,500 Div (2.900) CFF TCF 59.200 3,500 (5,500) 2.600 5600 BIS Dec 31, 2018 Dec 31, S? 2017 Assets Cash AR Inventory Prepaid insurance S 500 3,200 6,000 700 ? ? Plant assets Ace. Dep ? ? 19,500 (5,700) Liabilities and Shareholders' equity A/P $ 700 Wages/P ? Tax/P ? $ 1,000 600 800 ? B/P Share capital R/E ? 7,500 9,000 5,900 ? and Shareholders' Total equity Liabilities $24,800 Cash dividends of $2,900 were declared and paid during 2018. Also in 2018, plant assets were purchased far cash, and B/P were issued for cash. A/P relates to merchandise purchases Required: a. Complete Dec 31, 2018 B/S (12 marks) b. Prepare CFO using the indirect method (8 marks)