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2 Follows are statement of financial condition of Disney Co. for Dec 31, 2019 and 2020 2020 2019 Cash 130,000 85,000 Accounts receivable (net) 295,000
2 Follows are statement of financial condition of Disney Co. for Dec 31, 2019 and 2020 2020 2019 Cash 130,000 85,000 Accounts receivable (net) 295,000 170,000 Plant Assets 790,000 700,000 Accumulated Depreciation (96,000) (95,000) Accounts payable 260,000 312,000 Shares capital 600,000 400,000 Retained Earnings 259,000 148,000 (1) Depreciation expense $10,000, bad debt expense $8,000 (2) Purchased plant assets by cash $150,000 (3) Sold plant assets for cash $60,000, the carrying value was $51,000. (means the gain=9,000) Issued ordinary shares for cash $200,000. (4) (5) Net income for 2020 was $220,000, cash dividend distributed $109,000 Please calculate a. Cash flow from operating activities b. Cash flow from investment activities c. Cash flow from financial activities. [List the computation process]
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