The records of Koop Co. provided the following information for the year ended 3 December 20X8: Statement of Comprehensive Income For year ended 31 December 20X8 Sales revenue $ 360,000 Cost of goods sold (262,000) Depreciation expense (20,000) Insurance expense (2,000) Interest expense (4,000) Salaries and wages expense (24,000) Remaining expenses (26,000) Loss on sale of equipment (4,000) Income tax expense (16,000) Net earnings and comprehensive income $ 2,000 Statement of Financial Position As of 31 December 20x8 20x7 Cash $122,000 $ 70,000 Accounts receivable 62,000 57,000 Inventory 31,000 20,000 Prepaid interest 2,800 4,800 Buildings and equipment 162,000 160,000 Accumulated (42,000) (40,000) depreciation Land 162,200 80,200 Total $500,000 $352,000 Accounts payable $ 41,000 $ 36,000 Wages payable 4,000 8,000 Income tax payable 11,000 Notes payable, long- 112,000 60,000 term Common shares 286,000 200,000 Retained earnings 46,000 48,000 Total $500,000 $352,000 Additional information: a. Sold equipment for cash (cost, $30,000; accumulated depreciation, $18,000). b. Purchased land, $40,000 cash. C. Acquired land for $42,000 and issued common shares as payment in full. d. Acquired equipment, cost $32,000; issued a $32,000, three-year, interest-bearing note payable. Required: Prepare the SCF, using the two-step indirect method. Analyze every account to ensure all changes are included. Assume unexplained changes are from logical sources. (Deductible amounts and Cash outflows should be indicated with minus sign.)