What is this question asking me to do, im completely lost


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i have no idea how to do part 1 , im assuming part 2 is asking me to make a balance sheet based on the answers of question 1?please help i have attached the question below
 

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kirby

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The problem you were given is clearly a horrible rework of what was originally a cash flow statement problem. You can see the notes talk about accrued or payable items. Those are used when you want to adjust to cash basis for a statement of cash flows and not for a comprehensive income statement problem. Also you see the notes give info for 2015 when the problem asks you about 2018. That makes no sense to apply 2015 data to 2018. So again it is clear it was poorly reworked from a different acctg problem.This acctg problem is goofed up. Shows that you need to find a better school or better teacher who cares enough to review the work they give you.
 

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