Question
Prepare a Statement of Cash Flows with the help of following table for Karakorum Organic Foods, Gilgit. Payments for purchase of plant assets.................................................................................... Rs. 416,000
Prepare a Statement of Cash Flows with the help of following table for Karakorum Organic Foods, Gilgit. Payments for purchase of plant assets.................................................................................... Rs. 416,000 Proceeds from sale of plant assets.......................................................................................... 58,000 Proceeds from issuance of capital stock................................................................................. 347,000 Proceeds from issuance of bonds payable.............................................................................. 99,000 Payments to settle short-term debt.......................................................................................... 74,000 Interest and dividends received .............................................................................................. 49,500 Cash received from customers................................................................................................ 1,502,000 Dividends paid ........................................................................................................................ 182,000 Cash paid to suppliers and employees.................................................................................... 1,172,000 Interest paid .......................................................................................................................... 66,000 Income taxes paid.................................................................................................................... 115,500 Cash and cash equivalents, January 1, 2020 .......................................................................... 86,000
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