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Score Part 2: Statement of cash flows (28%) The Baiyun Company has the following information for the year ended December 31, 2018: Descriptions Amount
Score Part 2: Statement of cash flows (28%) The Baiyun Company has the following information for the year ended December 31, 2018: Descriptions Amount (yuan) Cash and cash equivalents, Jan 1, 2018 3,084,750 Cash paid the acquire plant and equipment assets 1,507,500 Collections on loans (excluding interest) 1,850,000 Cash received from customers 9,000,000 Proceeds from short-term borrowing Loans made to borrowers Interests and dividends received Cash paid to suppliers and employees Proceeds from sales of plant assets Dividends paid 1,012, 500 405,000 303, 750 5,400,000 54,000 Income taxes paid Interest paid Instructions: 495,000 877,500 1,620,000 Using the information given in the table above, prepare a formal statement of cash flows. Remember, you need to: (1) Classify the given information into the categories of operating activities, investing activities, and financing activities. (2) Place brackets around the money amount of all cash outflows. (3) Calculate the cash and cash equivalents at December 31, 2014.
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