the requirement is statement of cash flow.

Assume the following details from Ichang Company for 2016: Cash Balance, January 1 540,000 Cash receive from customers for goods sold 850,000 Cash payment to suppliers 90,000 50,000 40,000 Salaries paid to employees Payment for rent Cash payment for the purchase of machinery Cash received due to bank loan 100,000 500,000 Cash payment for short-term borrowings 100,000