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Pak Belalang Sdn Bhd occurred the following financial information for the year 2020. Pak Belalang Sdn Bhd Comparative Statement of Financial Position December 31 2020
Pak Belalang Sdn Bhd occurred the following financial information for the year 2020. Pak Belalang Sdn Bhd Comparative Statement of Financial Position December 31 2020 (RM) 2019 (RM) ASSETS Cash Accounts receivable Inventories Equipment Accumulated depreciation - equipment Total Assets 1.400 2.900 3,200 6,000 (1,500) 12,000 1,000 3,000 2,000 4,000 (1,000) 9,000 1 - LIABILITIES AND EQUITY Liabilities: Accounts payable Accrued expense payable 2.100 400 1,500 500 2.000 2,500 Equity: Share capital-ordinary Retained earnings Total Liabilities & Equity 3,300 6,200 12,000 2,000 5.000 9.000 Additional information for the year 2020: 1. Depreciation expense for equipment for the year amounted RM 500. 2. Ordinary share capital of RM 800 was issued for cash. 3. Cash dividend of RM 500 was declared and paid. 4. Net income was RM1,000. Required: Prepare the Statement of Cash Flows for the year 2020, using the indirect method. Show all workings
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