The records of Koop Co. provided the following information for the year ended 31 December 20X8: Statement of Comprehensive Income For year ended 31 December 20X8 Sales revenue $ 471,400 Cost of goods sold (343, 100) Depreciation expense (26,300) Insurance expense (2,700) Interest expense (5,400) Salaries and wages expense (32,400) Remaining expenses (35, 100) Loss on sale of equipment (5, 400) Income tax expense (20,700) Net earnings and comprehensive income $ 300 Statement of Financial Position As of 31 December 20x8 Cash $164,700 Accounts receivable 83,700 Inventory 42,000 Prepaid interest 3,700 Buildings and equipment 214,200 Accumulated depreciation (55,500) Land 214,300 Total $667,100 Accounts payable $ 54,700 Wages payable 5,400 Income tax payable 15,000 Notes payable, long-term 152,700 Common shares 390,000 Retained earnings 49,300 Total $667,100 20x7 $ 93,300 76,000 26,600 6,400 211,300 (53,500) 107,300 $467,400 $ 48,100 10,600 79,600 265,400 63,700 $467,400 Additional information: a. Sold equipment for cash (cost, $39,800; accumulated depreciation, $25,900). b. Purchased land, $53,100 cash. C. Acquired land for $53,900 and issued common shares as payment in full. d. Acquired equipment, cost $41,100; issued a $41,100, 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.) KOOP COMPANY Statement of Cash Flows For the year ended 31 December 20X8 Operating activities: Adjustments for non-cash items: Changes in current assets and current liabilities: Investing activities: Investing activities: Financing activities: activities: Cash balance beginning of the year Cash balance end of the year Following is a list of non-cash transaction to be disclosed. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Land of $53,900 acquired for common shares. 2 Equipment of $41,100 acquired for note payable. 2 Land of $41,100 acquired for common shares. 1 Equipment of $53,900 acquired for note payable. Prepare separate disclosure of cash paid for interest and income tax, as is required by ASPE. (Deductible amounts and Cash outflows should be indicated with minus sign.) Cash paid for interest Cash paid for income tax