Question: Problem 4 (25 marks) Eagles Inc. had the following statement of financial position at the end of operations for 2017: During 2018, the following occurred:

 Problem 4 (25 marks) Eagles Inc. had the following statement offinancial position at the end of operations for 2017: During 2018, thefollowing occurred: 1. Eagles sold its intangible assets a gain of $9,600.

Problem 4 (25 marks) Eagles Inc. had the following statement of financial position at the end of operations for 2017: During 2018, the following occurred: 1. Eagles sold its intangible assets a gain of $9,600. 2. A parcel of land was purchased for $75,200. 3. An additional $60,800 worth of common shares was issued. 4. Dividends totalling $19,200 were declared and paid to shareholders. 5. Net income for 2018 was $73,600. 6. Depreciation for 2018 was 19,200 . 7. At December 31, 2018, Cash was $125,120; Accounts Receivable was $67,200; and Accounts - Payable was $64,000. Prepare the statement of financial position as it would appear at December 31, 2018. 2. Prepare a statement of cash flows for the year ended December 31, 2018 using the indirect

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