Question
A companys Income Statement for 2019 showed net earnings of $200,000. Annual depreciation on its plant and equipment was $15,000. The 2019 Balance Sheet showed
A companys Income Statement for 2019 showed net earnings of $200,000. Annual depreciation on its plant and equipment was $15,000. The 2019 Balance Sheet showed that amounts to be collected within a year from customers was $100,000, which was $30,000 more than the previous years amount.
By comparison to 2018, long-term investment in 2019 increased by $25,000 and the amount due within six months for payment to suppliers also increased by $40,000 . The value of inventory in 2019 was $70,000, up from $20,000 the previous year. Long-term debt decreased by $10,000 and a dividend of twenty (20%) percent of net earnings was paid out.
Prepare the organizations 2019 Cash Flow Statement
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