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prepare a statement of cash flow for the above transactions Given below is the trial balance for Bee Company as at December 31. The items

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image text in transcribedprepare a statement of cash flow for the above transactions
Given below is the trial balance for Bee Company as at December 31. The items are listed in no particular order. Equipment. $ 506,000 Deferred revenue $ 25,000 Interest expense 4,475 Loan payable 646,300 Accounts payable 86,000 Wages payable.... 60,000 Accounts receivable... 21,700 Depreciation expense 8,000 Building 1,217,700 General & Admin expenses... 124,000 Cash 548,000 Salary expense 138,000 Common Stock 50,000 Service revenue 11,215,000 Prepaid expenses... 81,600 Supplies inventory... 16,100 Additional paid-in Capital 243,300 Costs of goods sold 2 243,000 The beginning amount of retained eamings was $702,975. Taxes have not yet been accounted for and the applicable tax rate is 30%. Required: 1. Prepare the income statement of Bee Company for the year ended 31 December of the current year 2. Prepare the company's balance sheet at December 31. Number G CYC000 PY COCO 371 250 305 200 25 Font A A17 X fx byequipment with cost of C85.000 anda carrying amount of A B C D E 1 SHANNUM CO SHARNUM CO 2 INCOME STATEMENT BALANCE SHEET C000 4 Revenue 2,553 Assets 5 Cost of sales (1,814) Non-current assets 6 Gross Profit 739 Property, plant and equipment 7 Distribution costs (125) Intangible assets 8 Admin expenses (264) Investments 9 350 Current assets 10 Interest received 25 Inventories 11 Interest paid (75) Receivables 12 Profit before tax 300 Cash 13 Taxation (140) 14. Profit after tax 160 Equity & Mobilities 15 Equity 16 ) Proceeds of the sale of non-current investments 6,000 Share capital 17 Equipment with cost of cas.000 ada carrying amount of Share premium 10 45,000 was sold for G2,000 Retained earnings 19 ) PPE as follows Non-current liabilities 20 CY PY toan 21 Cost 21.1 595 Current liabilities 22 Accumulated depreciation 140 250 Trade payables 23 Carrying amount 371 305 Bank overdraft 24 Taxation 25 d 50,000 shares were issued during the year 6.) Dnidend of C80,000 was paid during the year 22 28 29 150 390 52 1.213 102 315 1 940 200 160 260 150 150 150 170 50 218 85 120 1.213 210 98 110 948

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