Question (Record you wirstly slow the Required(1) Prepare a chi low timenti e form busca on the following information and 2 Comment using point form and very briefly on the realise brief, what do you think about the cash situation and changes to B) Answer sey briefly the following question "Why would gin sale of equipment be a cash deduction NOT an addition, to the adjustments to oth in the operating section of the cash flow statement Beg of year End of year Arts Cash $120 60 90 5:30 450 70 1,200 (100) 480 (80) S670 $1.650 Accounts receivable Inventory Equipment Less Acc denia-equip Total assets: Liabilities and Equity Accounts payable Other current liabilities Long-term loan payable Common shares Retained earnings Total liab and equity 560 561 70 150 39 900 150 190 200 500 $670 $1.650 1 Other information: 1. Net income in the year: 5405 2. Dividends issued in the year: $105 3. Depreciation expense: 520 4 No equipment was sold or disposed of in the period. 5. The changes in balance sheet accounts offer other relevant information