Q No.2 marks-8 The following income statement and selected balance sheet account data are available for Satelllite Transmissions, Inc. at December 31: SATELLITE TRANSMISSIONS, INC Income Statement For the Year Ended December 31,2012 Net Income Gain on sales of marketable securities Depreciation expense Loss on sale of plant assets Gain on sale of securities 205.000 4000 26000 12500 6500 Selected account balances: A/c Receivable Accrued interest receivable Inventories Short term prepayments Account payable Accrued operating expense payable Accrued interest payable Accrued income taxes payable End of Year Rs.650.000 9000 800.000 20.000 570,000 65,000 21,000 22,000 Bes. of Year 720.000 6000 765.000 15,000 562,000 94,000 12.000 35,000 Company issued 45000 shares at Rs. 17. Redeemed bonds payable Rs.75.000, purchased plant assets Rs.200,000. Loan made to associated company for 4 years at 5% Rs.150,000 Required: Prepare Cash Flow Statement by Indirect Method showing separately operating, investing and financing activities. Q No.2 marks-8 The following income statement and selected balance sheet account data are available for Satelllite Transmissions, Inc. at December 31: SATELLITE TRANSMISSIONS, INC Income Statement For the Year Ended December 31,2012 Net Income Gain on sales of marketable securities Depreciation expense Loss on sale of plant assets Gain on sale of securities 205.000 4000 26000 12500 6500 Selected account balances: A/c Receivable Accrued interest receivable Inventories Short term prepayments Account payable Accrued operating expense payable Accrued interest payable Accrued income taxes payable End of Year Rs.650.000 9000 800.000 20.000 570,000 65,000 21,000 22,000 Bes. of Year 720.000 6000 765.000 15,000 562,000 94,000 12.000 35,000 Company issued 45000 shares at Rs. 17. Redeemed bonds payable Rs.75.000, purchased plant assets Rs.200,000. Loan made to associated company for 4 years at 5% Rs.150,000 Required: Prepare Cash Flow Statement by Indirect Method showing separately operating, investing and financing activities