Please help with E23-14. The data needed are above in the statements presented.

Exercises 1379 BRECKER INC. COMPARATIVE BALANCE SHEET As OF DECEMBER 31, 2017 AND 2016 12/31/17 $ 6,000 12/31/16 Cash $ 7,000 51,000 Accounts receivable 62,000 35,000 Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights 18,000 40,000 5,000 60000 4000 154,000 (35,000) 46,000 130,000 (25,000) 50,000 Total assets $313,000 $295,000 S 46,000 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings $ 40,000 6,000 4,000 4/000 8,000 8,000 60,000 10,000 69,000 100,000 100,000 30,000 57,0U0 30,00 36,000 Total liabilities and stockhalders' equity $295,000 $$313,000 BRECKER INC INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 $338,150 175,000 Sales revenue Cost of guods sold Gross profit Operating expenses 163,150 120,000 Operating income Interest expense Gain on sale of equipment 43,150 $11,400 2,000 9,400 33,750 6,750 Income before tax Income tax expense 27,000 Net income Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2017. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2017. Instructions Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.) E23-14 (L02) (SCF-Indirect Method) Data for Brecker Inc. are presented in E23-13. Instructions Prepare a statement of cash flows using the indirect method. E23-15 (L02) (SCF-Indirect Method) The following data are taken from the records of Alee Company. December 31, 2016 December 31, 2017 $ 8,000 60,000 $ 15,000 85,000 Cash cach