The balance sheet and income statements for Company A for the year ended Dec 31, year 2: Company A Balance Sheet December 31. Year 2 Assets Year 2 Year 1 Cash 45,000 15,000 Accounts receivable 29,000 36,000 Inventory 76,000 55,000 Land 100,000 110,000 Buildings 263,000 263,000 Accumulated Depreciation buildings (110,000) (67,000) Equipment 85,000 40,000 Accumulated Depreciation equipment (25,000) (30,000) Total Assets 463,000 422,000 Liabilities and Shareholders' Equity Year 2 Year 1 Accounts payable 47,000 34,000 Income taxes payable 7,000 2,000 Interest payable 5,500 7,000 Current portion bank loan 21,000 18,000 Non-current- bank loan 140,000 175.000 Common shares 149,500 112,000 Retained earnings 93,000 74,000 Retained earnings 93,000 74,000 Total Liabilities and Equity 463,000 422.000 Company A Income Statement for Year ended December 31. Year 2 Sales 5654,000 Cost of goods sold 392,400 Gross profit 261,600 Expenses 190,500 Profit before taxes 63,100 Income taxes 515.775 Profit $47,325 Additional information: 1. During the year, and with an original cost of $40,000 was sold for $45,000. Cand was purchased during the year 2. Old equipment with an original cost of $26,000 and $15,000 in accumulated depreciation was sold at a loss of 54,000. New equipment was purchased during the year 3. The building depreciation expert was 543,000 for the building Calculate the depreciation expense for the equipment 4. The company borrowed 575,000 from the bank during the year How much of the bank loan principal was paid during the year? 5. A cash dividend was declared and paid during the year 6. Expenses contain depreciation expense, any gains or losses along with all of the other expenses. Instructions: Prepare the statement of cash flows using the Indirect method. Write you answers by hand scan your worldno papers and upload to the link on the main page of the Moodle website as a PDF Printing the problem information is permitted but only for personal use during the exam Show all your calculations