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I need assistance with thus number pls Oriole Adventures Ltd. (OAL) is a Canadian manufacturer of Class B motorhomes. The company has been experiencing exponential
I need assistance with thus number pls
Oriole Adventures Ltd. (OAL) is a Canadian manufacturer of Class B motorhomes. The company has been experiencing exponential growth and is preparing to raise additional capital to fund its growth. As the vice-president af finance, you are tasked with preparing the statement of cash flows that is required as part of the loan application or a public offering. You have the statement of firancial position and the statement of income to help you prepare the statement of cash flows. In addition, you also have the following information: 1. In October, OAL acquired land with a value of $223,000 by issuing common shares with an equivalent value. The land is to be used as a site for a new manufacturing facility OAL hopes to construct in the next year. 2. In February, OAL sold equipment for $10,000 cash. The equipment had originally cost $223,000 and had a net carrying amount of $26,300 at the time of sale. 3. During the year, the company borrowed $24,300 by increasing its bank loan payable. Current assets: Liabilities and shareholders' equity Current liabilities ORIOLE ADVENTURES LTD. Statement of Income For the year ended March 31, 2024 SalesrevenueCostofgoodssoldGrossmargin$1,950,000915,0001,035,000 Expenses Using the information above, prepare the statement of cash flows for Oriole Adventures Ltd. for the year ended March 31, 2024, using the indirect method, (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. Non-cash investing and financing activities: During the year, land with a value of \$ was acquired by issuing common shares of the same value Step by Step Solution
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