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Q5. The following information is available for Majestic Corporation for the year ended December 31, 2017: Sales BD 600000; operating expenses BD 27000; cost of

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Q5. The following information is available for Majestic Corporation for the year ended December 31, 2017: Sales BD 600000; operating expenses BD 27000; cost of goods sold BD 360000; other expenses and losses BD 5000; preferred stock dividend BD 28000 . The company purchased furniture worth of BD 18000 The company sold its plant and machinery for BD90000 . The company issued Bonds worth of BD 80,000 Required to prepare Cash flow statement (Marking Scheme: Computation-8 Marks, Correct Marks-2 Marks)

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