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Bright company provided the following information for the year ended 2020 (All figures are in AED). Cash at the beginning of the year 80,000 Purchase

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Bright company provided the following information for the year ended 2020 (All figures are in AED). Cash at the beginning of the year 80,000 Purchase of equipment through issuance of bonds 100.000 Depreciation expenses 70,000 Sales of plant assets 100,000 Payment of cash dividend 8,700 Net income for the year 320,750 Amortization of intangibles 16,300 Purchase of equipment 182,500 Issuance of bonds 50,000 Issuance of ordinary shares 90,500 Redemption of bonds 88,400 Increase in accounts receivable (net) 11.000 Sales of land kept for investment 50.000 Decrease in inventory 15,500 Loss on sales of plant assets 20,000 9.500 Increase in accounts payable 30,000 Purchase of land for investment Required Prepare a cash flow statement using the above information clearly showing your workings (not showing your calculations will lead to loss of marks) and provide the following information (5 marks): Net cash flow from operating activities (1 mark) Net cash flow from financing activity (1 mark) Net cash flow from investing activity (1 mark) Net increase in cash for the year (1 mark) Cash at the end of the year (1 mark)

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