solve both part A and b with explaination

part B

Part A: Jedi Company reported net income of S160,000 for the current year Balances of certain accounts at the beginning and end of the year are as follows End of Year Beginning of Year Prepaid expenses $ 9,500 $5,000 Inventories S5,000 65.000 Accumulated depreciation 110,000 30,000 Accounts receivable 24,000 32.000 Cash 20,000 15,000 Accounts payable 12,000 18,000 Salariet payable 1.600 1.200 Instructions: a. Prepare only the cash flows from the operating activities section of the statement of cash flows G Marks) 6. Brefly state what is the purpose of the statement of cash flows? What information does it provide? (Marks) Brielly state Wie purpose of the statement of the town? Wist information does it provider Mini Part 1: 4 Mark) Da Jamuary 1, 2011, AC Company purchased a building and equipment that have the following useful lives, residual values, and costs Building, 40 yeatectomated useful life. 350.000 residual value $1.200.000.com Equipment, 12 year estimated the ful life 510,000 residual value, $130.000 cost The buddin bos been deprecated under the straight-line method through 2014. In 2015, the company decided to switch to the double declining balance method of preciation ABC also decided to change the total setul life of the equipment to years, with a sendaal value of 5.000 at the end of that time. The equipment is the Instructions 2. Prepare the journal entry necessary to record the depreciation expense on the building in 2015 Conspute depreciation expense on the equipment for 2015 For the toolbar.press ALT FOIPOO ALT INF10(Mac)