URGENT!!!!!!!!!

Question 3 [30 points] Use the Stake Technology Inc financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method Additional Information: a Purchased equipment for $37,000 cash. b. Sold the long-term investment on January 1, 2014 for $30,000 c Sold equipment for $15,000 cash that had originally cost $59,500 and had $44,500 of accumulated depreciation. d Issued $34.000 of bonds payable at face value e. The short-term investment is a treasury bill that was purchased with maturity in 90 days. (select one) Statement of Cash Flows (select one) Cash flows from operating activities Stake Technology Inc. Comparative Balance Sheet Information December 31 Assets 2014 2013 Cash 244,400 170,000 Short-term investments 122,000 115,000 Accounts receivable 73,200 45,000 Merchandise inventory 49,800 33,000 Long term investment 0 43,000 Equipment 187,500 210,000 Accumulated depreciation (98,500) (105,000) Total assets 578,400 511,000 Adjust to reconcile net income to cash provided by oper. act.. Cash flows from investing activities X Cash flows from financing activities Liabilities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earnings Total liabilities and equity 37,400 7,000 34,000 274.000 226,000 578,400 74,000 37,000 0 274,000 126,000 511,000 Net increase (decrease) in cash Cash at beginning of year Cash at end of year Stake Technology Inc. ENG dun Stake Technology Inc. Income Statement For Year Ended December 31, 2014 740,000 Sales Cost Of Goods Sold Depreciation expense Other expenses Loss on sale of long-term investment Net income 560,000 38,000 29,000 (627,000) (13,000) 100,000