SOLVE please, ASAP

The comparative balance sheets and an income statement for Raceway Corporation follow. Balance Sheets As of December 31 Year 2 Year 1 Assets Cash Accounts receivable Merchandise inventory Prepaid rent Equipment Accumulated depreciation Land Total assets Liabilities Accounts payable (inventory) Salaries payable Stockholders' equity Common stock, $50 par value Retained earnings Total liabilities and equity $ 75,665 30,886 157,938 2,355 257,790 (148,520) 188, 100 $ 564,214 $ 41,690 22,650 173,730 4,710 289,590 (236,920) 76,400 $ 371,850 $ 62,451 34,848 70,840 29,870 247,000 219,915 $ 564,214 198,000 73, 140 371,850 Income Statement For the Year Ended December 31, Year 2 Sales $1,496,000 Cost of goods sold (795,075) Gross profit 700,925 Operating expenses Depreciation expense (20,900) Rent expense (25,330) Salaries expense (252,730) Other operating expenses (255, 190) Net income $ 146,775 Other Information 1. Purchased land for $111,700. 2. Purchased new equipment for $99,100. 3. Sold old equipment that cost $130,900 with accumulated depreciation of $109,300 for $21,600 cash. 4. Issued common stock for $49,000. Other Information 1. Purchased land for $111,700, 2. Purchased new equipment for $99,100. 3. Sold old equipment that cost $130,900 with accumulated depreciation of $109,300 for $21,600 cash. 4. Issued common stock for $49,000. Required Prepare the statement of cash flows for Year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) RACEWAY CORPORATION Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Plus: Decreases in current assets and increases in current liabilities: Less: Increases in Current Assets and Decreases in current liabilities: Plus: Noncash charges S 0 Cash flows from investing activities: 0 Cash flows from financing activities: 0 0 Ending cash balance 0