1. Sunlight Co. Photo Co. Synthesis Co. Beginning capital assets, net of depreciation $850,500 $712,200 $488,300 Ending capital assets, net of depreciation 960,000 706,800 284,400 Depreciation expense 65,200 49,300 (c) Gain (loss) on sale of capital assets 5,500 (b) (16,800) Costs of capital assets acquired 230,600 128,000 55,600 Proceeds from sale of capital assets (a) 72,500 184,900 Calculate with all the steps shown of the missing values. 2) (30 marks) Net Loss ($36,000) Depreciation $28,000 Increase in accounts receivable $35,000 Decrease in inventories $14,500 Increase in accounts payable $34,000 Decrease in income taxes payable $6,700 Decrease in wages payable $1,800 Proceeds on Sale of Equipment $380,000 Repayment of bonds $250,000 Issuance of Common shares $100,000 Proceeds on sale of land $150,000 Gain on sale of land $20,000 Payment of dividends $10,000 Prepare the cash flow from operations under ASPE! 3) Which ratios are important for shareholders for the investment decision making? Which ratios would make the lenders evaluate the borrowing ability of the firm?