Question1) wintz company reported net income of $300 000 for 2017. wintz also reported depreciation expense of $45,000 and loss of $13000 on the sale of equipment. the comparative statement of financial position shows a increase in account receivable of $15000 for the year, a $17000 decrease in account payable and a $6000 decrease in prepaid expenses

Instruction: prepare the operating activites section of the statement of cash flows for 2017. use indrect method

Question2) At September 1, the statement of financial position accounts for Stanleys Restaurant were as follows:

Accounts Payable $ 0 Land $33,000

Accounts Receivable 11,600 Share Capital-Ordinary ?

Buildings 68,000 Notes Payable 48,000

Cash 10,000 Supplies 6,600

Equipment 18,700

Instructions: Prepare a statement of financial position at September 3, 2017.