I need someone to help me with this. The assignment required to write as memo.Thank you in advance.

USING CODIFICATION 542 Researching GAAP Directions l. Research the related U.S. GAAP using Situation Kelly Company, a small corporation, is prepar ing its 2016 financial statements. At the end of 2016, the company purchased a building for $100,000, paid $20,000 as a down payment, and signed an $80,000 mortgage. Kelly's presi- dent is concerned about how to report this transaction on the company's statement of cash flows and has asked you to "look into this issue the FASB's Accounting Standards Codi- fication and prepare a short memo to the president that summarizes how to report this transaction on the 2016 statement of cash flows. Cite your reference and appli- cable paragraph numbers for me