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Question 2 (30 Mark A. Nilam's comparative statement of financial position income statement ind additional information or w follow Nilam Company Income Sulament For Year

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Question 2 (30 Mark A. Nilam's comparative statement of financial position income statement ind additional information or w follow Nilam Company Income Sulament For Year Ended December 31, 2019 RM RM Sales 446.100.00 Cost of yoo sold 212.300,00 Other operating 121.300,00 Depreciation expense 23.06.09 3. LOO) 78,000.00 Oilergare (s) Loss of apment 3,300.00 Loss on retirement of bonds 3210 Income before taxes 73.875.00 Income tax expense 1272 Net income 6,1501.00 Nilam Company Statement of Financial Position December 31, 2019 and 2018 201N 2019 Axels RM RM Cash 43.050.00 23.925.00 Account Receiva 34.125.00 14.25.10 Merchandise inventory 156.000.00 146.475.00 Prepaid 3.600.00 1.650.00 Equipment 135.825.00 146.700.00 Accum depreciation Equipment 192x475UXU Total assets 310.4.60,00 311.025.00 Liabilities and Equity Account payable 28.800.00 33.750,00 Income taxes payable 5,100.00 4.425.00 Dividenda yalle Nil 4.500.00 Bonds payable Nil 3250000 Commen, Mopar 168.750,00 16.750,00 Retailing TOR.000.00 62.100,00 Total abilities and equity 06 1.ORS. Additional Informatie a Equipment oosting RM21.375.00 with accumulated depreciation of RM11,100.00 is sold for cash Is Equipment purchase forcual c. Accumulate depreciation is affected by depreciation expense and the lo quieren The balance of Retained Earnings is affected by dividend declarations and not come. c. All sales are made on credit All merundisin key purchases are credit Account Payslak bulance sul from merchandise inventory purchases b. Prepaid expenses relate to other operating expenses Required: Prepare a Sulement of Cash Flowing the indirect me for the year 2019. [IS Marks/

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