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ABC Company has a cash balance of P125,600 at the beginning of the year 2019. The following were the transactions that affected the company's cash
ABC Company has a cash balance of P125,600 at the beginning of the year 2019. The following were the transactions that affected the company's cash for the year. Cash received from customer 5,510,000 Salaries paid (955,000) Rent received 110,000 Insurance paid (75,000) Sale of non-current investment 240,000 Other expenses paid (200,000) Sale of equipment 60,000 Purchase of land (1,000,000) Cash received form bank loan 400,000 Purchase of equipment (400,000) Payment of cash Issuance of share capital 500,000 (900,000) dividend Reissuance of treasury shares 130,000 Interest paid (40,000) Cash payment to merchandise (3,150,000) Income tax paid (200,000) creditors 1. Prepare the Statement of Cash Flows for the year 2019. 2. How much is the company's Free Cash Flow
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