Additional information:

1. Dividends in the amount of RM12,000 were declared and paid during 2020.

2. Depreciation expense and amortization expense are included in operating expenses.

3. No unrealised gains or losses have occurred on the investments during the year.

4. Equipment that had a cost of RM50,000 and was 70% depreciated was sold during 2020.

REQUIRED:

Prepare the Statement of Cash Flows for Relaxed Holiday Bhd for the year ended 31 December 2020 using indirect method.

Relaxed Holiday Bhd is a company that has many branches in Malaysia, the company sells suitcases to retail stores. The following are financial statements of Relaxed Holiday Bhd for year 2020. Relaxed Holiday Bhd Statement of Financial Position As at 31 December 2020 Relaxed Holiday Bhd Statement of Profit or Loss and Other Comprehensive Income For the year ended 31 December 2020