Question 2 You are provided with Beck Carriage Balance Sheet in Table 1. Table 1: Beck Carriage Balance Sheet (in Dollars) Calculation for Cash Flow Statement CF 2017 2018 Working Value Type as of 31 December Assets Cash Accounts receivable Inventory Prepaid expenses Other current assets Total Current Assets Property, plant and equipment Accumulated depreciation Net property, plant and equipment Total Assets 8.000 2.500 65.000 1.500 500 77,500 12.000 -2.400 9.600 87,100 3,368 2.200 71,500 1.800 600 79,468 17.400 -3.480 13.920 93,388 Liabilities Accounts payable Line of credit Current portion of long-term debt Accrued expenses Total Current Liabilities 3.000 10.000 4.000 1.100 18,100 3.200 10,000 4.000 1.100 28,300 Long-term debt 16,000 10,000 Total Liabilities 34,100 30,300 Owner's Equity Contributed capital Retained earnings 50.000 3,000 52.000 13,088 Total Owner's Equity 53,000 65,088 CFO = Cash Flow from Operating Activities CFI = Cash Flow from Investing Activities CFF = Cash Flow from Financing Activities Total Liabilities and Equity 87,100 93,388 (a) Calculate the cash flow statement items for Beck Carriage in Table 1 and differentiate the type of cash flow. (10 marks) Compute and complete the cash flow statement for Beck Carriage in Table 2 below using the Indirect Method. Table 2: Beck Carriage Statement of Cash Flows for the year ended 31 December 2018 Net Income 10,088 Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Cash Flow from Financing Activities Net Change in Cash Beginning Cash Balance Ending Cash Balance 8,000 3,368 (10 marks)