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Psychodelia Fixation $25,000 and a $60,000 long term bank loan. Old equipment costing $57,500 was sold resulting in a gain of $7,500. Now equipment costing
Psychodelia Fixation $25,000 and a $60,000 long term bank loan. Old equipment costing $57,500 was sold resulting in a gain of $7,500. Now equipment costing $85,000 was purchased for $25,000 and a $60,000 long term bank loan. Old equipment costing $57,500 was sold resulting in a gain of $7,500. Operating expenses includes depreciation expense of $46,500. An unrealized gain on held for trading investments of $14,000 was recorded. Psychodelia Fixation Statement of Cash Flow for the year ended December 31, 2022 Operating activities Cash receipts: Cash receipts from customers Blank 1 Cash disbursements: Cash payments to suppliers Cash payments for operating expenses Cachuauments focincome.tay \begin{tabular}{|l|} \hline Blank 2 \\ \hline Blank 3 \\ \hline Blank A \\ \hline \end{tabular} MacBook Air An unrealized gain on held for trading investments of $14,000 was recorded. Net cash provided by operating activities Investing activities Proceeds on disposal of equipment sold Purchase of new equipment \begin{tabular}{|l|} \hline Blank 7 \\ \hline Blank 8 \\ \hline Blank 9 \\ \hline \end{tabular} Total Investing Cash flow Financing activities Sale of common shares Repayment of bank loan payable Payment of cash dividends \begin{tabular}{|l|} \hline Blank 10 \\ \hline Blank 11 \\ \hline Blank 12 \\ \hline \end{tabular} Blank 13 Net increase in cash Blank 14 Cash, January 1, 2022 Blank 15 Cash, December 312022 Blank 16 Question 21 ( 20 points) Amount for blank 1 MacBook Air
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