the comparative statement of financial position and income statement for Al Quds Company presented below.

Al Quds Company.

Comparative Statement of Financial Position

December 31.

2018	2019
		Assets
262,000	270,000	Equipment
(109,000)	(118,000)	Accumulated Depreciation
9,000	10,000	Prepaid Insurance
46,000	52,000	Merchandise Inventory
107,000	123,000	Accounts Receivables
47,000	56,000	Cash
362,000	393,000	Total
		Equity and Liabilities
200,000	213,000	Share Capital-Ordinary
7,000	30,000	Retained Earnings
130,000	120,000	Bonds Payable
9,000	5,000	Accrued Expense Payable
5,000	7,000	Income Tax Payable
11,000	18,000	Accounts Payable
362,000	393,000	Total

Al Quds Company

Income Statement

For the year ended December 31,2019

	1,339,000	Net Sales
	908,000	Cost of Goods Sold
431,000		Gross Profit
		Add:
	3,000	Gain on Equipment Sold
		Less:
	346,000	Operating Expense
	24,000	Depreciation Expense
	14,000	Interest Expense
	12,000	Income Tax
38,000		Net Income

Additional Information:

1. Equipment with a cost of $24,000 and accumulated depreciation $15,000 was sold for $12,000 cash, and additional equipment was purchased for cash $32,000.

2. Bonds redeemed for cash. Additional ordinary shares issued for cash.

3. Dividends declared and paid for $15,000 cash.

Instructions:

Prepare Cash flow from Investing Activities for the year ended December 31, 2019

Cash flow from Investing Activities
Sale of equipment				24,000
Purchase of Equipment				(32,000)
Net Cash flow from investing					(8,000)

Cash flow from Investing Activities
Sale of equipment				15,000
Purchase of Equipment				(32,000)
Net Cash flow from investing					(17,000)

Cash flow from Investing Activities
Purchase of Equipment				(32,000)
Net Cash flow from investing					(32,000)

Cash flow from Investing Activities
Sale of equipment				12,000
Purchase of Equipment				(32,000)
Net Cash flow from investing					(20,000)