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Question 1 (80 points) The comparative statements of financial position of Menachem NV at the beginning and end of the year 2020 appear below Menachem

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Question 1 (80 points) The comparative statements of financial position of Menachem NV at the beginning and end of the year 2020 appear below Menachem NV Statements of Financial Position Assets Dec 31, 2020 Jan. 1.2020 Inc./Dec. Equipment 38,000 22,000 16,000 Inc. Less: Accumulated depreciation equipment (11.000) (9,000) 2,000 Inc. Inventory 47,000 23.000 24,000 Inc Accounts receivable 59,000 65,000 6,000 Dec Cash 53.000 13.000 40,000 Inc 186.000 114.000 Equity and Liabilities Share capital ordinary 100,000 80.000 20.000 Inc Retained earnings American Colleg 43,000 M9,000 34,000 Inc Bank Loan 15,000 10,000 5,000 Inc Accounts payable 28.000 15.000 13,000 Inc Total 186.000 114.000 Total Net income of 44,000 was reported and dividends of 10,000 were paid in 2020. New equipment was purchased and none was sold. Additional loan of 5,000 was obtained from bank during the year Requirements: Prepare a statement of cash flows for the year 2020 SAM YACM Copier American College of the Middle East 2021 203 Question 2 (20 points) Differentiate between investing activities, and financing activities. Support your answer with examples NOTE Students' names and IDs should be listed on the cover page. Keep a clear and well-organized working paper

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