Instructions: Prepare a statement of cash flows for the year ended December 31, 2017 using the DIRECT

method. Condensed financial data of Sinjh SA follows.

SINJH SA Comparative Statements of Financial Position December 31
Assets		2017		2016
Equipment		265,000		242,500
Accumulated DepreciationEquipment		( 47,000)		( 52,000)
Long-term investments		140,000		114,000
Prepaid expenses		29,300		26,000
Inventory		112,500		102,850
Accounts Receivable		92,800		33,000
Cash		100,350		48,400
Total		692,950		514,750
Equity and Liabilities
Share capital-ordinary		220,000		175,000
Retained earnings		234,450		105,450
Bonds payable		110,000		150,000
Accounts payable		112,000		67,300
Accrued expenses payable		16,500		17,000
Total		692,950		514,750

SINJH SA Income Statement For the Year Ended December 31, 2017
Sales Revenue .		400,000
Gain on disposal of Plant Assets .		5,000		405,000
Less:
Cost of goods sold ..		135,460
Operating expense, excluding depreciation .		12,410
Depreciation expense		45,000
Income tax expense		27,280
Interest expense		4,730		224,880
Net Income				180,120

The following transactions occurred during 2017:

New equipment costing 80,000 was purchased for cash during the year.

Old equipment having an original cost of 57,500 and accumulated depreciation of 50,000 was sold for 12,500 cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of 43,900 was declared and paid during the year.

Instructions: Prepare a statement of cash flows for the year ended December 31, 2017 using the DIRECT method.

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SINJH SA Statement of Cash Flows For the Year Ended December 31, 2017
Cash flows from Operating Activities:
Net cash provided by Operating Activities:
Cash flows from Investing Activities:
Net cash provided by Investing Activities:
Cash flows from Financing Activities:
Net cash provided by Financing Activities:
Net increase/decrease in cash:
Cash at beginning of period:
Cash at end of period:
Notes or computations: (if necessary)