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Skysong Ltd, Comparative Statements of Financial Position December 31 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Income taxes payable Totat Additional

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Skysong Ltd, Comparative Statements of Financial Position December 31 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Income taxes payable Totat Additional data: 1. Depreciation expense is [12,236 2. Dividends declared and paid were E18,400 3. During the year, equipenent was sold for 8.924cash. This equipment cost 16.560 originally and had accumulated depreciation of f4,600 at the time of sale. Prepare a statement of cash flows using the indirect method. (Show amounts that decreose cash flow with either a sigin ex- 15,000 or in parenthesis eg (15,000) (3) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. 45 or parentheses tg: (45) Free cash flow

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