Required:

1. Prepare Sala Software Inc.'s statement of cash flows using the INDIRECT method

Operating Activities: (10 marks)

Investing activities: (4 marks)

Financing Activities: (4 marks)

NEED TO CREASH CASH FLOW STATEMENTS FOR OPERATING, FINANCING ANDINVESTING ACTIVITIES. GIVEN THE INFORMATION PROVIDED.

1(18 marks) Current Assets Cash A/R Inventory Prepaid expenses 2017 $38,700 69,700 88,600 2016 $22,700 64,200 83,000 Current liabilities A/P Tax/P Accrued Liabilities 57,00 18,600 15,500 55,800 16,700 27,200 Transaction Data for 2017 Acquisition of land by issuing LT note payable Stock dividends Collection of loan Depreciation expense $ 95,000 31,800 8,700 27,100 Acquisition of building Retirement of B/P by issuing C/S Acquisition of LT investment 125,300 65,000 31,600 Repurchase of C/S Loss on disposition of equipment Cash div Issuance of LT note payable for cash 14,300 11,700 18,300 34,400 NI 45,100 Issuance of C/s for cash Proceeds from disposition of equipment 41,200 58,000