Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd. for the last 2 years at December 31 (amounts in millions).

Additional information:
Investments were sold at a loss of ₩ 7,000; no equipment was sold; cash dividends paid were ₩ 50,000; and net income was ₩ 160,000.

Instructions

a. Prepare a statement of cash flows for 2022 for Yoon Ltd.

b. Determine Yoon’s free cash flow.

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2022 2021 Investments W 52,000 W 74,000 Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89,000) Accounts receivable 180,000 185,000 Cash 157,000 78,000 Share capital-ordinary Retained earnings 160,000 160,000 287,000 177,000 Current liabilities 134,000 151,000