Question # 04		Marks : 10
M Company
Comparative Balance Sheet
December 31, 2021
	2021	2020
ASSETS
Cash	38,000.00	20,000.00
Accounts Receivable	30,000.00	14,000.00
Inventory	27,000.00	20,000.00
Equipment	60,000.00	78,000.00
Accumulated Depreciation ( Equipment)	(29,000.00)	(24,000.00)
TOTAL ASSETS	126,000.00	108,000.00
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts Payable	24,000.00	15,000.00
Income Tax Payable	7,000.00	8,000.00
Bonds Payable	27,000.00	33,000.00
Common Stack	18,000.00	14,000.00
Retained Earnings	50,000.00	38,000.00
TOTL LIABILITIES AND SHAREHOLDERS' EQUITY	126,000.00	108,000.00
M Company
Income Statement
For the year ended December 31, 2021
Sales Revenue		242,000.00
Less COGS		175,000.00
Gross Profit		67,000.00
Less Operating Expenses		24,000.00
Operating Income		43,000.00
Less Financial Expenses ( Interst)		3,000.00
Profit Before Tax		40,000.00
Less Income Tax Expenses		8,000.00
Net Income		32,000.00
Additional Information
1. Dividend declared and Paid Tk. 20,000.00
2. During the year equipment was sold for Tk. 8,500.00
This equipment coasts Tk. 18,000.00 originally and had
a book value of Tk. 8,500.00 .
3. All depreciation expenses Tk. 14,000.00 is in the
operating expenses
4. all sales and purchases are on account
Prepare a Statement of cash flows using indirect method

please see the 1,2,3,4 additional information and answer the cash flow.