Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section. I hope you can help me and surely I will give you full positive feedback

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C. Lucy Tan is the bookkeeper for Cheng Company. Lucy has been trying to determine the correct balance sheet for Cheng Company. Cheng's balance sheet is shown below. Cheng Company Balance Sheet December 31, 2020 Assets Liabilities Cash $15.000 Accounts payable $21.000 Supplies 8,000 Accounts receivable (6,500) Equipment 46,000 Owner's capital 67.500 Owner's drawings 13,000 Total liabilities and Total assets $82,000 owner's equity $82.000 Instruction: Prepare a correct balance sheet. D. The records of ABCXC Company reveal the following (10pts): Net income P40,000 Sales revenue P47,000 Loss on sale of land P5,000 Acquisition of land P39,000 Increase in current assets other than cash P15,000 Decrease in current liabilities P24,000 Depreciation expense P 11,000 Compute cash flows from operating activities by the indirect method for year ended December 31, 2016