QUESTION 4 Below is the list of balances for RUBINA Berhad: CURRENT ASSETS Cash and cash equivalents Accounts Receivables Inventories Prepaid expenses DECEMBER 31 2013 2012 RM RM 19,000 3,000 22,000 23,000 34,000 31,000 1,000 3,000 CURRENT LIABILITIES Notes payable (for inventory purchases) 11,000 7,000 Accounts payable 24,000 19,000 Accrued liabilities 7,000 9.000 Income tax payable 10,000 10,000 The following is the transactions during the year ended 31 December 2013 Purchase of equipment RM 98,000 Payments of cash dividend RM 18,000 Net income RM 26,000 Issuance of ordinary shares to retire bond payable RM 13,000 Purchase of long term investment RM 8,000 Issuance of long term note payable to purchase patent RM 37,000 Depreciation expense RM 7,000 Issuance of long term note payable to borrow cash RM 7,000 Sale of building RM 74,000 Issuance of ordinary shares for cash RM 19,000 Amortization expense RM 3,000 Purchase of treasury stock RM 5,000 Loss on sale of building RM 2,000 hbo/jp/ppd/2-2021/2022 12 FINANCIAL ACCOUNTING 3 DPA30053 You are required to prepare a Statement of Cash Flow for the year ended 31 December 2013 for RUBINA Berhad, using the indirect method. In a separate schedule, report RUBINA's non cash investing and financing activities.