The records of Koop Co. provided the following information for the year ended 31 December 20X8 Statement or comprehensive Incohe or yeat ended 31 December 20% Sales revenue $ 404,400 Cost of goods sola (294,400) Depreciation expense (22,600) Insurance expense (2,300) Interest expense (4,600) Salariea and wages expense (27, 600) Remaining expenses (29, 900) Loas on sale of equipment (4,600) Income tax expense (18,000) Net earnings and comprehensive income $ 400 Statement oinancial Position As On 31 December 2oxe Cash 6140,300 Accounts receivable 71,300 Inventory 35,800 Prepaid interest 3,000 Buildings and equipment 173,500 Accumulated depreciation (45,000) Land 173,800 Total $552, 700 Accounts payable $ 45, 300 Wage payable 4,600 Income tax payable 12, 800 Notes payable, long-term 130, 300 Cotton Shares 332, 800 Retained earnings 26,900 Total #552, 700 20X7 6 77,200 62,900 21, 900 15.300 170,500 (44,200) 88.600 6382,200 $ 39, 600 B.900 66,900 223, 100 43,700 $382,200 Additional Information Preu 2 of 2 TEXT Additional information: a. Sold equipment for cash (cost $32,900; accumulated depreciation, $21,800). b. Purchased land, $43,600 cash. c Acquired land for $41,600 and issued common shares as payment in full. d. Acquired equipment, cost $35,900, issued a $35,900, three-year, interest-bearing note payable. Required: Prepare the SCF, using the two-step indirect method. Analyze every account to ensure all changes are include changes are from logical sources. (Deductible amounts and Cash outflows should be indicated with minus 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: Adjustments for non-cash items: Changes in current assets and current liabilities: Investing activities: Financing 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 be a wrong answer.) ? Land of $41,600 acquired for common shares. 2 Equipment of $35,900 acquired for note payable Land of $35,900 acquired for common shares. Equipment of $41,600 acquired for note payable. Prepare separate disclosure of cash paid for interest and income tax, as is required by ASPE, (Deductible amounts and Cash out should be indicated with minus sign.) Cash paid for interest Cash paid for income tax