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Exercise 22-16 (b) (direct method) Intermat on from the statement or financial position and statement of income is given below for Bramble Road Inc, a
Exercise 22-16 (b) (direct method) Intermat on from the statement or financial position and statement of income is given below for Bramble Road Inc, a company tolewing arrs, for the year ended December: tramie Acad has doned the pair of daiming interest gald as acerating actites and dividends des financing acties Comparative Stutumunt of Financial Position, it Ducumber 31 2020 2019 $69,200 $47,550 Accounts receivable Invest in Land Property, plant, and equipment Accumulated deprccation 2.500 200.000 (48,700) $cas. (40,000) $478.500 Merents payable Aurum liblik Notes payable Common shares Retained earrings 235,DDO 209,000 $625.800 $4/8.531 Statement of Incomu, yaar anded December 31, 2020 Gain on disposal of investment in and Gain : CION of M e 202.610 S97.50 Cost of goods sold pri HXHNH Operating expert Income tax expense Interest experte 14.500 37,000 2.630 210, 330 592.280 Additional information: 1. Investments in land were sold at a gain curing 2020 2. Equipment oosting $57,300 was sold for $17,270, resulting in a pain 3. Common shares were sued in exchange for some equipment during the year. No othe-shares were issued 4. The raining purch Www pidl for in th. Prepare the operating activities section of the statement of cash flows using the circt method Show av lount that decrease cash flow with other a-sione.. -15,000 or in parenthesis e.g. (15,000).) BRAMALE ROAD INC Statement of Cash Flow - Direct Method LINK TO TEXT LINK TO TEXT LINK TO TEXT
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