using indirect method

(02 Marks Each=08) Question #4 The Following are balance sheet data of Anwar Company Ltd. DEBIT BALANCES: 1997 Cash 12,000 Account Receivable 40,000 Merchandise inventory 95,000 Prepaid Expenses 7,000 land 65,000 Building 200,000 Equipment 18,000 Retained Earnings 10,000 447,000 1996 4,000 50,000 130,000 3,000 75,000 125,000 10,000 397,000 CREDIT BALANCES: Allowance for Bad Debts Allow for Depreciation - Building Allow for Depreciation - equipment Account Payable Accrued Expenses Long-Terms Loan Capital Stock Rs.10 par Retained Earnings 4,000 30,000 3,000 50,000 10,000 100,000 250,000 5,000 27,000 5,000 63,000 7,000 80,000 200,000 10,000 397,000 447,000 Additional Data: During the year land costing Rs.10,000 was sold at a gain of Rs. 5,000 for cash and the old equipment costing Rs. 10,000w, sold for Rs.2,000 on credit. Required: 1) 2) 3) 4) Find out Cash generated from Operating Activity for the year ended December 31. 1997 Find out Cash generated from Investing Activity for the year ended December 31. 1997 Find out Cash generated from Financing Activity for the year ended December 31. 1997 Find out Closing Cash Flow for the year ended December 31. 1997