The following is the balance sheet of Chan Ltd. as at March 31, 2019 and March 31, 2020: Wong Ltd. 2019 2020 $ $ $ Balance Sheet Assets Machinery(Net book 369,000 495,500 value) Inventory 108,000 141,000 Accounts Receivable 204,000 249,000 Short-term 36,000 30,000 investments Interest receivable 20,000 12,500 Bank and cash 80,100 58,800 Total Assets 808,100 986,300 Liabilities and shareholders' equity Current liabilities Accounts payable 57,600 33,900 Interest payable 9,000 6,000 Dividend payable 30,000 26,400 Profits tax payable 39,000 24,000 Total current liabilities 135,000 90,300 Long-term debt 10% 90,375 90,000 2028 bonds Total liabilities 210,600 180,300 Shareholders' equity Equity 300,000 390,000 Equity premium 250,000 400,000 Retained Earnings 47,500 597,500 64,000 806,000 986,300 Total debt and equity 808, 100 Other information: The depreciation for 2020 is $75,000. Q1. Prepare the cash flow statement for 2020. The following is the income statement and balance sheet of Chan Ltd. as at March 31, 2019 and March 31, 2020: Wong Ltd. 2019 2020 $ $ $ $ 369,000 495,500 108,000 204,000 36,000 141,000 249.000 30,000 20,000 80,100 808,100 12,500 58,800 986,300 Balance Sheet Assets Machinery(Net book value) Inventory Accounts Receivable Short-term investments Interest receivable Bank and cash Total Assets Liabilities and shareholders' equity Current liabilities Accounts payable Interest payable Dividend payable Profits tax payable Total current liabilities Long-term debt 10% 2028 bonds Total liabilities Shareholders' equity Equity Equity premium Retained Earnings 57,600 9,000 30,000 39,000 33,900 6,000 26,400 24.000 135,600 90,375 90,300 90,000 210,600 180,300 300,000 250,000 47,500 390,000 400,000 64,000 597,500 806,000 986,300 Total debt and equity 808,100 Other information: The depreciation for 2020 is $75,000. Q1. Prepare the cash flow statement for 2020. The following is the balance sheet of Chan Ltd. as at March 31, 2019 and March 31, 2020: Wong Ltd. 2019 2020 $ $ $ Balance Sheet Assets Machinery(Net book 369,000 495,500 value) Inventory 108,000 141,000 Accounts Receivable 204,000 249,000 Short-term 36,000 30,000 investments Interest receivable 20,000 12,500 Bank and cash 80,100 58,800 Total Assets 808,100 986,300 Liabilities and shareholders' equity Current liabilities Accounts payable 57,600 33,900 Interest payable 9,000 6,000 Dividend payable 30,000 26,400 Profits tax payable 39,000 24,000 Total current liabilities 135,000 90,300 Long-term debt 10% 90,375 90,000 2028 bonds Total liabilities 210,600 180,300 Shareholders' equity Equity 300,000 390,000 Equity premium 250,000 400,000 Retained Earnings 47,500 597,500 64,000 806,000 986,300 Total debt and equity 808, 100 Other information: The depreciation for 2020 is $75,000. Q1. Prepare the cash flow statement for 2020. The following is the income statement and balance sheet of Chan Ltd. as at March 31, 2019 and March 31, 2020: Wong Ltd. 2019 2020 $ $ $ $ 369,000 495,500 108,000 204,000 36,000 141,000 249.000 30,000 20,000 80,100 808,100 12,500 58,800 986,300 Balance Sheet Assets Machinery(Net book value) Inventory Accounts Receivable Short-term investments Interest receivable Bank and cash Total Assets Liabilities and shareholders' equity Current liabilities Accounts payable Interest payable Dividend payable Profits tax payable Total current liabilities Long-term debt 10% 2028 bonds Total liabilities Shareholders' equity Equity Equity premium Retained Earnings 57,600 9,000 30,000 39,000 33,900 6,000 26,400 24.000 135,600 90,375 90,300 90,000 210,600 180,300 300,000 250,000 47,500 390,000 400,000 64,000 597,500 806,000 986,300 Total debt and equity 808,100 Other information: The depreciation for 2020 is $75,000. Q1. Prepare the cash flow statement for 2020