Question 4

Question 4 (20 marks) The following information is extracted from DODO Limited's nancial statements: 31 December 2019 3 1 December 2018 $ $ Cash 239,750 91,000 Accounts receivable 71 ,500 76,500 Prepaid rent 7,500 6,900 Land 305,000 60,000 Buildings 287,000 287,000 Accumulated depreciation buildings (100,000) (12,000) Accounts payable 84,000 90,000 Bonds payable 362,000 60,000 For the year ended 31 December 2019 $ Net income 20,350 Depreciation expense buildings 88,000 Bad debt expense 4,000 Cash dividends 19,000 No Ordinary shares were issued during the year. Required: Using the indirect method, prepare the statement of cash ows for DODO Limited for the year ended 31 December 2019. (20 marks) [Total for Question 4: 20 marks]