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The following balances are reported on Moon Berhad's comparative Statement of Financial Position as at 31 December. 2017 RM 150,000 300,000 600,000 1,800,000 4.500.000 7.350.000

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The following balances are reported on Moon Berhad's comparative Statement of Financial Position as at 31 December. 2017 RM 150,000 300,000 600,000 1,800,000 4.500.000 7.350.000 2018 RM 900,000 75,000 345,000 1,830,000 4,275,000 7,425,000 Assets Cash and cash equivalents Investments Accounts receivables Inventory Plant and equipment (NBV) Totals Liabilities and Stockholder's Equity Accounts payable Accrued expenses payable Note payable Ordinary Shares Retained Earning Totals 750,000 255,000 3,675,000 1,800,000 870.000 7.350.000 1,095,000 210,000 3,795,000 2,025,000 300,000 7.425.000 Moon Berhad Statement of Profit or Loss for the year ended 31 December Sales Less: cost of goods sold Gross profit 2017 RM 7,500,000 3,000,000 4,500,000 2018 RM 5,250,000 2,100,000 3,150,000 Less: operating expenses Loss on sale of investments Net profit/ (loss) 3,900,000 3,645,000 NIL 15,000 600.000 (510.000 Additional Information: The following information regarding the company's operation in 2018 is available from the company's accounting records: Early in the year the company declared and paid a RM 60,000 cash dividend. During the year investment costing RM 225,000 were sold for RM 210,000 cash. The company purchased plant assets for RM 300,000, paying RM 30,000 in cash and issuing a note payable for the RM 270,000 balance. During the year the company repaid a RM 150,000 note payable, but incurred an additional RM 270,000 in long term debt as described in note 3. The owners invested RM 225,000 cash in the business as a condition of the new loans described in note 4. The operating expense includes depreciation of RM 510,000 in 2017 and RM 525,000 in 2018. aired: Prepare a statement of cash flows for the year ended 31 December 2018 using the indirect method. (14 marks)

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