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Question 4 (20 marks) The following information is extracted from Halo Limited's financial statements 31 31 December December 2017 2018 Cash 239,750 91,000 Accounts receivable
Question 4 (20 marks) The following information is extracted from Halo Limited's financial statements 31 31 December December 2017 2018 Cash 239,750 91,000 Accounts receivable 71,500 76,500 Prepaid rent 7,500 6,900 Land 305,000 60,000 287,000 (100,000) Buildings Accumulated depreciation - buildings 287,000 (12,000) Accounts payable Bonds payable 84,000 90,000 362,000 60,000 For the year ended 31 December 2018 20,350 Net income Depreciation expense - building Bad debt expense 88,000 4,000 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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