Please see the problem for accouting help. the question has two parts A) is solv

Question

Please see the problem for accouting help. the question has two parts A) is solved by direct method and B) indirect method

i have attached screen for values I need help with...if you could please set it directly the same way is in the screen shot it would be a huge help for me in understand this problem.

I know its a lot, but really strugglng with this course it will be a huge help to me.

Thank you.

Comparative balance sheet accounts of Sharpe Company are presented below SHARPE COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 it Balanc 2014 2013 Cash Accounts Receivable Inventory Investments (Available-for-sale) Equipment Buildings Land $71,960 $51,730 130,620 61,500 85,070 48,860 144,290 25,590 $610,720 547,660 154,440 74,910 54,390 70,870 144,290 39,860 Totals redit Balance Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation-Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings $8,090 14,590 28,080 60,400 10,830 70,850 311,440 260,600 94,220 $610,720 547,660 $10,030 21,360 37,920 66,910 12,070 62,140 88,850 Totals Additional data: 1. Equipment that cost $10,720 and was 60% depreciated was sold in 2014 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land 4. Investments that cost $35,250 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year.

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