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 $ 404,400 Cost of goods sold (294,400) Depreciation expense (22, 600) Insurance expense (2,300) Interest expense (4, 600) Salaries and wages expense (27,600) Remaining expenses (29,900) Logs on sale of equipment (4,600) Income tax expense (18,000) Net earnings and comprehensive income $ 400 Statement of Financial Position 3 O 31 December 20x8 20x7 Cash $140, 300 6 77,200 Accounts receivable 71,300 62,900 Inventory 35,800 21,900 Prepaid interest 3,000 5, 300 Buildings and equipment 173, 50g 190, 500 Accumulated depreciation (45,000) (44,200) Land 173, 800 Total 6552,7003382,200 Accounts payable 45,300 & 39, 600 Wages payable 4,600 6.900 Income tax payable 12800 liotes payable long-term 1307300 68,900 Bhares 392, edo 229.00 Betained erings 2119 431100 mal $5521100 382,200 Additional information tion: 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 included changes are from logical sources. (Deductible amounts and Cash outflows should be indicated with minus sig 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: ... Q Search Saved Statement on cash flows For the year ended 31 December 20x8 Operating activities Adjustments for non-cash items: hanges in current assets and current liabilities. $ Investing activities 0 0 Financing activities Search saved 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 a wrong answer.) 2 Land of $41,600 acquired for common shares 2 Equipment of $35.900 acquired for note payable 2 Land of $35.900 acquired for common shares. 2 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 outfie should be indicated with minus sign.) Cash paid for interest Cash paid for income tax