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Selected financial information of Traduce Ltd. at December 31 is presented below: 2018 Current Liabilities Dividends payable $ 4,000 Current portion of bank loan 10,000
Selected financial information of Traduce Ltd. at December 31 is presented below: 2018 Current Liabilities Dividends payable $ 4,000 Current portion of bank loan 10,000 Noncurrent Liabilities Bank loan payable 110,000 Shareholders' equity Common shares $242,000 R/E 144,000 2017 $ 2,000 8,000 96,000 $206,000 114,000 During the year, Traduce had a net income of $54,000. It received bank loans of $34,000 and repaid others. The company issued new common shares. Prepare the CFF section of the cash flow statement for 2018. (7 marks)
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