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Question 4 Below is the income statement for MacBook Computers Company for the year 2020. Income Statement for the year 2020 $ Total amount ($)
Question 4 Below is the income statement for MacBook Computers Company for the year 2020. Income Statement for the year 2020 $ Total amount ($) 220,800 40,000 120,800 (51,200) Sales revenue Cost of goods sold Beginning inventory Purchase Ending inventory Cost of goods sold Gross profit Operating expenses Selling expenses Depreciation expense Administration expense Total expense Net income (109,600) 111,200 24,800 4,000 44,800 (73,600) 37,600 Details of current assets and current liabilities (in $) for two different years are given below Information Account Receivable Prepaid expense Account payable Accrued expense 2020 ($) 12,000 20,800 19,000 37,200 2019 ($) 21,200 10,000 31,200 28,800 Required Prepare Cash flow from Operating activities section of Cashflow Statement for the year 2020
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