Please help solve P12-1A

and P12-5A

Thanks

PROBLEMS: SET A P12-1A You are provided with the following information regarding events that occurred at Distinguish anc g per ring Moore Corporation during 2017 or changes in account balances as of December 31, 2017, mesting, and financing 2) Statement Io If Operating, Did ILO1, 21 AP of Cash Increase or Decrease Flow Section Reported Cash from Affected (a) Depreciation expense was $80,000. (b) Interest Payable account increased $5,000. (c) Received $26,000 from sale of plant assets. (d) Acquired land by issuing common stock to seller (e) Paid $17,000 cash dividend to preferred stockhoklers. ( Paid $4,000 cash dividend to common stockholders g) Accounts Receivable account decreased $10,000. (h) Inventory increased $2,000. (i) Received $100,000 from issuing bonds payable. G) Acquired equipment for $16,000 cash 636 12 Statement of Cash Flows Moore prepares its statement of cash flows using the indirect approach. Complete the first column of the table, indicating whether each item affects the operating activities section (O) (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect approsch), investing activities section (I), financing activities section (F),or is a noncash (NC) transaction reported in a separate schedule. For those items classified as operating activities (O), indicate whether the item is added (A) or subtracted (S) from net income to determine net cash provided by operating activities. Problems: SetA 637 P12-SA Rewe Company's income statement contained the condensed information below. Prepare the operating acrivities REWE COMPANY Income Statement For the Year Ended December 31, 2017 LO 20 AP $970.000 S Service revenue $614,000 Loss on disposal of plant assets Income before income taxes Income tax expense Net income 685,000 285,000 Rewe's balance sheets contained the following comparative data at December 31 2017 $70,000 2016 Accounts receivable Accounts payable Income taxes payable 60,000 32,000 7,000 13,000 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. Net cash provided $305,000