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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
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 31st, 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
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