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Calculator Question No: 02 ITC India Limited has recently published the following income statement and comparative balance sheet for 2019 and 2018. Prepare the cash
Calculator Question No: 02 ITC India Limited has recently published the following income statement and comparative balance sheet for 2019 and 2018. Prepare the cash flow statement for the year ended December 31, 2019 using indirect method. Marks will be awarded only if the proper format of the statement of cash flows is used [13] ITC India Limited Income Statement, Year Ended December 31, 2019 Revenue from sales 286,000 Interest revenue 12.000 Dividend revenue 9.000 Gain on sale of plant assets 10,000 Total revenue and gains 317,000 Cost of goods sold 156.000 Wage expense 56.000 Depreciation expense 20.000 Other operating expense 16.000 Interest expense 15,000 Income tax expense 14,000 Total Operating expense 277000 Net Income 40.000 Response 20000(Max Upto 20000 Characters)
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