p17.9 and p17.10 continuation

Prepare a statement of cash Hous Compute free cash flow PITS (LO 2) Condensed financial data of Sinjh SA Sinjh SA Comparative Statements of Financial Position December 31 2019 242,500 equipment 2020 265.000 (47.000) 140,000 29,300 112.500 92.800 100,350 Equipment Accumulated depreciation Long-term investments Prepaid expenses Inventory Accounts receivable (52.000) 114.000 26,000 102.850 33.000 48.400 514.750 Total 692,950 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable Problems 17-41 220.000 234,450 110,000 112.000 Total 175.000 105,450 150.000 67.300 17,000 514.750 16.500 692.950 Sinjh SA Income Statement For the Year Ended December 31, 2020 Sales revenue Gain on disposal of plant assets 392.780 Less: Cost of goods sold 135,460 Operating expenses, excluding depreciation 12.410 Depreciation expense 45,000 Income tax expense 27,280 Interest expense 4,730 5,000 397.780 Net income 224,880 172.900 Additional information: 1. New equipment costing 80,000 was purchased for cash during the year. 2. Old equipment having an original cost of 57.500 and accumulated depreciation of 50,000 was sold for 12.500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of 43,900 was declared and paid during the year. Instructions Prepare a statement of cash flows using the indirect method. P17.10 (LO 4) Data for Sinjh SA are presented in P17.9. Further analysis reveals that accounts payable pertain to merchandise creditors. Cash from operations 184,350 Prepare a statement of cash flows- direct method. Instructions Prepare a statement of cash flows for Sinjh using the direct method. Cash from operations 184,35 Prenare a statement of cash flows- facomber 31