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10 Marks PART B The Accounting Manager is seeking to analyse the company's sources and uses of cash for the year 2020 Required: Utilize the

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10 Marks PART B The Accounting Manager is seeking to analyse the company's sources and uses of cash for the year 2020 Required: Utilize the 2020 financial statements for Carrium Insights Inc. provided on page 2 to prepare Carrium Insights Inc. Cash Flow Statement for 2020 (10 Marks) CASE ANALYSIS - CARRIUM INSIGHTS INC. The following comprehensive assessment is based on a continuing case study of Camum Insights Inc. The following financial statements have been provided Carrium Insights Inc Income Statement For the year ended December 31, 2020 2020 000 2.800 (1400) (75) 25 Sales Cost of Goods Sold Seling & Marketing Costs Admin Expenses Depreciation Expense Eamnings before rest & Taxes Interest Expense Taxable income Taxation (20%) Net Income 1501 1.250 (20 1230 984 Didents (50%) Addition to retained Earning 492 2019 000 2020 000 ASSETS Current Assets Inwentones Accounts Receive Cash & Equivalents Carrium Insights Inc. Statement of Financial Position As at December 31, 2018 & 2020 2019 2020 rool 000 LIABILITIES & EQUITY Current Liabilities 600 680 Accounts Payables 300 340 Notes Payables 1.100 140 2.000 2,360 Non-current Liabilites 1870 2.240 Total Liabilities 1.100 1360 1.800 2.220 Non Current Assets Net 2.570 2.780 40 Equity Common Stock Retained in Total Equity 40 1,300 1012 TOTAL ASSETS 3.570 4.600 TOTAL LIAB. & EQUITY 3.670 4.600

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