Q2. Following information are related with Internal Service Fund of City of Jeddah. You are required to prepare a Statement of Cash Flows for the year ended December 31^st, 2018. (1.5 Marks)

	Amount ($)
Operating income	68,400
Increase in Inventories	27,200
Interest received	800
Acquisition of Capital Assets	2,800
Payment to Suppliers	32,000
Depreciation expense	29,600
Payments for Rent	21,200
Increase in Accounts Payable	54,400
Receipts from Customers	378,400
Payment to Employees	200,000
Cash balance at the beginning of the year	584,800