Question
Following are the financial statement data from PT Sanjaya for 2019! PT Sanjaya Statement of Financial Position December 31, 2019 Assets 2019 2018 Cash 59,000,000
Following are the financial statement data from PT Sanjaya for 2019!
PT Sanjaya
Statement of Financial Position
December 31, 2019
Assets 2019 2018
Cash 59,000,000 42,000,000
76,000,000 receivable accounts 34,000,000 / 42,000
Inventory 64,000,000 10,000,000 / 54,000
Prepaid expenses 9,000,000 11,000,000 / -3,000
Land 45,000,000 70,000,000 / 25,000
Building 200,000,000 200,000,000 / 0
Accumulated depreciation-building (21,000,000) (11,000,000) / 10,000
Equipment 193,000,000 68,000,000 / 125,000
Accumulated depreciation-equipment (28,000,000) (10,000,000) / 18,000
TOTAL 597,000,000
414,000,000
Liabilities & Stockholder equity
Accounts payable 33,000,000 50,000,000 - 17,000
Accrued expense payable 28,000,000 18,000,000 / 100,000
Bonds payable 110,000,000 150,000,000-40000
Ordinary Share (par Rp1,000) 220,000,000 60,000,000/160
Retained earnings 206,000,000 136,000,000 / 70
TOTAL 597,000,000 414,000,000
17000
PT Sanjaya
Income statement
For the year ended, Dec 31 2019
Sales Revenue of 788,000,000
Cost of goods sold 391,000,000
Operating expense (inc. Depreciation exp.) 189,000,000
Interest expense of 12,000,000
Loss on sale of equipment 2,000,000
(594,000,000)
Income before income taxes 194,000,000
Income tax expense (69,000,000)
Net income of 125,000,000
Additional information :
1. Depreciation expense in 2019 is IDR 33,000,000.
2. Cash dividends of Rp. 55,000,000 are paid in cash.
3. Land is sold at Rp. 25,000,000.
4. Equipment that has a book value of Rp 166,000,000 is purchased in cash.
5. The company sells old equipment at a cost of IDR 41,000,000, book value of 36,000,000 at a price of IDR 34,000,000.
6. The company owned bonds amounting to Rp 10,000,000 were repurchased in cash, and the remainder was exchanged for ordinary shares. (We are for 10 million)
7. To increase the company's cash amount, the company issues an ordinary share.
Compile PT Sanjaya's statement of cash flow for 2019 using the indirect method!
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