Problem 4 Calculate cash from operations from the following: (i) Profit made during the year 2012 was $2,50,000 after considering the following items: $ 10,000 5,000 7,000 3,000 (a) Depreciation on fixed assets (b) Amortization of goodwill (c) Transfer to general reserve (d) Profit on sales of land (ii) The following is the position of current assets and current liabilities: 2012 ($) Debtors 15,000 Creditors 10,000 Bills Receivable 10,000 Prepaid Expenses 6,000 2011 ($) 12,000 15,000 8,000 4,000