prepare using direct method and show all workings please

P13.5 B(1,02,3,4,5) The statement of income and unclassified statement of finaticial position for Naclowic Inc, followr Nackawic Ine. Statement of Finaneial Position Nackawie Ine. Statement of Income Additional information regarding 2021: 1. Long-term investinents were sold for $5,000, resulting in a realined loss of $7,500. 2. New equipment costing $141,000 was parchased for $77,000 cash and a $70,000 bank loan payable. 3. Equipment costing $56,000 wis sold for $15,550, resulting in a gain of $8,750. 4. Accounts payable relate to merchandise ruppliers; property tax payable relates to operating expenses. 5. A dividend was paid during the year. 6. Operating expenses include 558,700 of depreciation expense and an 38 ,750 gain on disposal of equipment. 7. The company issued common shares for $60,000 cash and bought back and retired some other common sham at the cost they were originally issted at. Instructions a. Prepare the statemeot of cash flowi, using the indirect method. b. Nackawic's cash position increased by 75 V between 2020 and 2021 . Identify the primary reasob(B) for this signi6cant inctease