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? ? i. The condensed comparative statement of financial position and income statement (statements not in proper form) for JAMES Inc. as at/ for the
? ? i. 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: 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. 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 section. ? ? i. 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: 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. 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
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