Q#4-10 points 1 month Current assets: Cash $100.000,00 AR $35.000.00 Inventory $65.000,00 Prepaid rent $10.000,00 (4 month in advance) Non-current assets: $40.000,00 -S500,00 Building Accumulated depr Equipment Accumulated depr Total assets: $50.000,00 -$700,00 $298.800,00 Current liabilities: Trade payables $60.000,00 Short-term loan $120.000,00 Unearned revenue $40.000,00 (4 month contract) $0.00 Non-current liabilities: Total liabilities: $220.000.00 Equity: Capital $60.000,00 Profit $18.800,00 Total equity: $78.800,00 Total liabilities&equity $298.800,00 2nd month The company received half of the receivables The company retumed 60% of the payables Bought a car by the price 10,000$ on credit Depreciation for the car is 200$ monthly Sold 80% of inventory for 110,0005, customers paid 80% in cash Accrued salary expenses: 15,000$ Accrued utility expenses:1,200$ Recognized the rent expense for the current month Recognized the appropriate part of unearned revenue on the base of contract Accrued Profit tax is 20% The appropriate part of credit is paid out on monthly base Interest expense accrued: 1,000$ Depreciation for the bulding and equipment incurred on monthly base Prepare Cash flow statement using Indirect method