The statement of financial position for Blue Jays Co. is presented as follows: BLUE JAYS CO Statement of Financial Position December 31, Year 3 Year 3 Year 2 $ s Assets Cash Accounts Receivable Inventory Furniture Accumulated Depreciation Total Assets 38,500 109,500 65,000 17,500 195,500 9,000 25,000 84,000 81,500 22,500 177,000 S $ Liabilities & Shareholders' Equity Bank overdraft S 5,000 S Accounts Payable 34,000 22,500 Bank Loan Payable 45,000 51,500 Common Shares 25,000 30,000 Retained Earnings 86,500 73,000 Total Liabilities and Shareholders equity $ 195,500 $ 177,000 Additional Information: 1. In year 3, net income was $16,000. 2. In year 3, depreciation expense was $9,500. 3 No cash from new bank loans was received in Year 3. No furniture was purchased in year 3, but Blue Jays Co sold some furniture for $3,000. This triggered a gain on disposal of 51.000. 5. In year 3, no new common shares were issued, but Blue Jays Co did repurchase some at the cost they were originally issued. 6. Dividends were both declared and paid in year 3. Instructions: A) Prepare a statement of cashflows using the INDIRECT METHOD for year 3 (13 marks) B) ASSESS & ANALYZE the strengths and/or weaknesses of Blue Jays Co, cash flows for year 3. (2 marks)