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The following information was obtained from the accounting records and financial statements of Sun & Fun Corporation, a wholesaler that specializes in selling printers for

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The following information was obtained from the accounting records and financial statements of Sun \& Fun Corporation, a wholesaler that specializes in selling printers for computers. Additional information I. Sun \& Fun sold display machinery and equipment that had an original cost of $80,000 and net book value of $60,000. There were no purchases of machinery and equipment. ii. Depreciation expense is included as part of SUN's "other expenses." iii. Sun \& Fun declared and paid cash dividends on November 1, 2018. iv. Sun \& Fun's investment in associate represents an investment in 30% of the shares of Moon made several years ago. Moon has never paid dividends. v. Sun \& Fun has assessed goodwill for impairment since it was recorded in 2016. During 2018, Sun \& Fun determined that the fair value of goodwill had decreased by $50,000. Required a) Prepare the cash flow statement, using the indirect method, for SUN for the year ended November 30,2018 . The following information was obtained from the accounting records and financial statements of Sun \& Fun Corporation, a wholesaler that specializes in selling printers for computers. Additional information I. Sun \& Fun sold display machinery and equipment that had an original cost of $80,000 and net book value of $60,000. There were no purchases of machinery and equipment. ii. Depreciation expense is included as part of SUN's "other expenses." iii. Sun \& Fun declared and paid cash dividends on November 1, 2018. iv. Sun \& Fun's investment in associate represents an investment in 30% of the shares of Moon made several years ago. Moon has never paid dividends. v. Sun \& Fun has assessed goodwill for impairment since it was recorded in 2016. During 2018, Sun \& Fun determined that the fair value of goodwill had decreased by $50,000. Required a) Prepare the cash flow statement, using the indirect method, for SUN for the year ended November 30,2018

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