The comparative unclassified Balance Sheet for Company Q as follows COMPANY Q LTD.

BALANCE SHEET

December 31

2019 2018

s 53.000 s 22.000

Accounts recetvable

80.000

76.000

Merchandise Inventory

185,000

189,000

70,000 100,000

265,000 200.000

Accumulated depreciation

(66.000) (17.000)

Total assets tabliltl and Shareholders'

S587,ooo S555,ooo

Accounts payable

s 39.000 s 47.000

Bank loan payable

150.000 200.000

Common shares

199,000 174.000

Retamed earnmgs

199,000 134,000

Total habilities and shareholders' equity S587.OOO S55S.OOO

Additional information

Profit was S 100,000.

sales were S978.ooo.

Cost of goods sold was S751.OOO.

Operating expenses were S43.000, exclusive of deprecation expense.

Deprecnuon expense was S49,000.

Interest expense was S 14,000.

Income tax expense was S26.OOO. S. Land was sold at a gam of SS,OOO.

No equtpment was sold dunng the year.

50,000 of the bank loan was repaid durmg the yea.

Common shares were issued dunng tie year.

1. Prepare a Cash Flow Statement using the indirect metho&