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Question 4 (20 marks) The following information is extracted from Halo Limited's financial statements 31 December December 2018 31 2017 2$ 91,000 76,500 6,900 60,000
Question 4 (20 marks) The following information is extracted from Halo Limited's financial statements 31 December December 2018 31 2017 2$ 91,000 76,500 6,900 60,000 Cash 239,750 71,500 7,500 305,000 Accounts receivable Prepaid rent Land Buildings Accumulated depreciation - buildings 287,000 287,000 (100,000) (12,000) 90,000 Accounts payable Bonds payable 84,000 362,000 60,000 For the year ended 31 December 2018 20,350 88,000 4,000 Net income Depreciation expense - building Bad debt expense Cash dividends 19,000 Required: Using the indirect method, prepare the statement of cash flows for Halo Limited for the year ended 31 December 2018. (20 marks) [Total for Question 4: 20 marks]
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