Ochoa Group, had the following condensed statement of financial position at the end of operations for 2018

Question:

Ochoa Group, had the following condensed statement of financial position at the end of operations for 2018 (¥ in thousands).

Ochoa Group STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2018 ¥ 20,000 Share capital-ordinary Investments ¥ 75,000 40,

During 2019, the following occurred.
1. A tract of land was purchased for ¥11,000.
2. Bonds payable in the amount of ¥20,000 were retired at par.
3. An additional ¥10,000 in ordinary shares were issued at par.
4. Dividends totaling ¥9,375 were paid to shareholders.
5. Net income was ¥30,250 after deducting depreciation of ¥13,500.
6. Land was purchased through the issuance of ¥22,500 in bonds.
7. Ochoa Group sold part of its investment portfolio for ¥12,875. This transaction resulted in a gain of ¥2,000 for the company. The company classifies them as non-trading equity investments.
8. Both current assets (other than cash) and current liabilities remained at the same amount.
Instructions
a. Prepare a statement of cash flows for 2019 using the indirect method.
b. Prepare the condensed statement of financial position for Ochoa Group as it would appear at December 31, 2019.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...