The condensed comparative statement of financial position and income statement (statements not priper for for JAMES cat for the year ended December 31, 2002, are as follows JAMES INC of Financial Position December 31, 2022 Ca $19,390 2021 $15,000 Accounts recebe 63.240 27,40 3264 1,000 Notes receivabl 40,800 22.200 129,744 67,200 vestments co 40,000 13,500 Land 12,800 33,600 buldig 204,000 86,400 Accumulated deping 7.930 -4000 Equipment 71,400 44.160 Accumulated dep-equp 40.800 1,680 Total sets 5456,708 $237,300 Accounts payable 558262 529.760 Acrued labies 10,283 720 Unearned revenue 6,000 7680 Income tax payable 7,018 6,000 Dividends payable 1040 Loans payable 40.800 30,000 Total Fab 131,746 $4,000 Common shares 47,300 38.400 Retained earnings 227,762 114900 Total shared Total Sabilities and shareholders' equity JAMES INC. Income Statement for the Year Ended December 31, 2022 374,962 153,300 5456,300 $237,300 Sales Cast merchandise sold Salary $730,000 316.512 414288 126,000 expense-twildng 41920 24,480 1,064 3,040 55.990 245256 1102 1 Land land was said for cash The wings addalon aboutESSE's training 20 and was purchased bing was purchased for co 519,500 value of $42 sochange for s were purchased for oh Loens were takes out for cain Coaster 5. The only changes in retained eami ASPE 2011 are the spring activities section using the indented The condensed comparative statement of financial position and income statement (statements not in proper form) for JAMES Inc. as at/ for the year ended December 31, 2022, are as follows: JAMES INC. Statement of Financial Position December 31, 2022 2021 Cash $19,380 $15,000 Accounts receivable 63,240 27,840 Interest receivable 3,264 1,080 Notes receivable 40,800 22,200 Inventory 129,744 67,200 Investments at cost 40,800 19,500 Land 22,800 33,600 Building 204,000 86,400 Accumulated dep-building -97,920 -48,000 Equipment 71,400 44,160 Accumulated dep - equip -40,800 -31,680 Total assets $456,708 $237,300 Accounts payable $58,262 $29,760 Accrued liabilities 10,282 6,720 Unearned revenue 6,000 7,680 Income tax payable 7,018 6,000 Dividends payable 9,384 3,840 Loans payable 40,800 30,000 Total liabilities 131,746 84,000 Common shares 97,200 38,400 Retained earnings 227,762 114,900 Total shareholders' equity 324,962 153,300 Total liabilities and shareholders' equity $456,708 $237,300 JAMES INC. Income Statement for the Year Ended December 31, 2022 Sales Cost of merchandise sold $730,800 316,512 Gross profit 414,288 Salary & admin expense 126,000 Interest expense 4,788 Depreciation expense - building 49,920 equipment 24,480 Interest income -8,064 Gain on sale of equipment -2,898 Loss on sale of land. 5,040 Income tax expense 45,990 245,256 Net income $169,032 The following is additional information about JESSE's transactions during 2021: 1. Land: Land was sold for cash. No land was purchased. 2. Building: No buildings were disposed of/sold. A building was purchased for cash. 3. Equipment: Equipment with a cost of $19,500 was sold for cash. Equipment was purchased with a value of $4,200 in exchange for common shares and the remaining equipment was purchased for cash. 4. Investments were purchased for cash. Loans were taken out for cash. Common shares, other than those referred to in "3", were issued for cash. 5. The only changes in retained earnings were for net income and dividends. JESSE Inc. follows ASPE. Page 4 of 4 Required (a) Prepare the statement of cash flows in good form for JESSE Inc. for the year ended December 31, 2022. Prepare the operating activities section using the indirect method. Ensure you show all your calculations below. (See (b) as well.) Provide full calculations for the investing activities