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The following financial statements for Frozen Fruit Co. Then answer the questions (1-5): For year ended 31/12/2020 2020 Sales 654000 Cost of Goods Sold -432000

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The following financial statements for Frozen Fruit Co. Then answer the questions (1-5): For year ended 31/12/2020 2020 Sales 654000 Cost of Goods Sold -432000 Gross Profit 222000 Operating expenses - 120000 gains on sale of PP&E 1000 EBIT 103000 Statement of financial position As of 31/12/2020 2020 2019 Cash and Equivalents 8000 7400 Accounts Receivable 200000 170000 Inventory 38000 32600 Property, Plant & Equipment 98000 79000 Accumulated dep. (69000) (59000) Total Assets 275000 230000 Accounts payable 52000 11000 Accrued salaries 3000 2000 Bonds (10%) 45000 80000 Common Stock 130000 110000 Retained Earnings 45000 27000 Total Liabilities and Owner's Equity 275000 230000 -14000 Interest Expense Earnings Before Taxes Taxes expense 89000 -38000 Net Income 51000 . . Additional information from Frozen Fruit Co., during 2020: Equipment that cost JD9500 and had an accumulated depreciation of JD8500 was sold for JD2000. Cash used to acquire new equipment. Bonds are redeemed during 2020 by cash. Distributed cash dividends. Operating expenses included all non-cash-expenses and gains and losses form disposal PP&E. Prepare statement of cash flows for Frozen Fruit Co. for 2020 (indirect & direct). then answer the questions (1-5): . . 1. Depreciation expense for Frozen Fruit Co. for 2020, is: A. JD12000 B. JD18800 C. JD18500 D. JD10000 2. Net cash flow from (uses in) operating activities for Frozen Fruit Co. for 2020, is: A. JD75100 B. JD59200 C. JD26500 D. None of above is correct 3. Net cash flow (uses in) investing activities for Frozen Fruit Co. for 2020, is: A. (JD26500) B. (JD24400) C. JD23800 D. (JD28500) 4. Net cash flow (uses in) financing activities for Frozen Fruit Co. for 2020, is: A. (JD52000) B. (JD72000) C. (JD 48000) D. None of above is correct 5. Cash collection from accounts receivable for Frozen Fruit Co. for 2020, is: A. JD264000 B. JD503100 C. JD525000 D. None of above is correct

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