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02) GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD (20 MARKS) 2020 2019 86,310 CASH 126,315
02) GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD (20 MARKS) 2020 2019 86,310 CASH 126,315 ACCOUNTS RECEIVSBLE NET 85,770 92,070 INVENTORIES 148,680 142,110 5,274 PREPAID EXPENSES 5,616 32,130 76,230 INVESTMENTS LONG TERM LAND 81.000 BUILDINGS 67,500 337,500 164, 1701 234,000 (52,470) ACCUMULATED DEPRECIATION-BUILDINGS MACHINERY AND EQUIPMENT 385,470 385,470 (124,200) ACCUMULATED DEPRECIATION-MACHINERY AND EQUIPMEN PATENTS (133,650) 52,200 1,043,361 58.500 TOTAL ASSETS 984,294 39,150 4200 12,600 11.250 ACCOUNTS PAYABLE (MERCHANDISE CREDITORS) ACCRUED EXPENSES PAYABLE (OPERATING EXPENSES) INCOME TAX PAYABLE DIVIDENDS PAYABLE 7.110 7,560 12,600 9,000 36,000 MORTGAGE NOTE PAYABLE DUE IN 10 YEARS BONDS PAYABLE COMMON STOCK $30 PAR 135,000 225,000 405,000 337,500 59.625 37,125 336,276 314,829 1,043,361 984,294 ADDITIONAL PAID IN CAPITAL RETAINED EARNINGS TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY ADDITIONAL INFORMATION 2020) PATENTS WERE AMORTIZED NI (2020) LAND WAS SOLD FOR CASH 88,650 A BUILDING WAS CONSTRUCTED BY SPENDING CASH COMMON STOCK WAS ISSUED IN EXCHANGE FOR THE BONDS PAYABLE INVESTMENTS WERE SOLD AT 54,000 A MORTGAGE NOTE WAS ISSUED DIVIDENDS WERE DECLARED
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