You have been provided the following cash flow activities about Dugald Ltd. for the year ended December
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You have been provided the following cash flow activities about Dugald Ltd. for the year ended December 31, 2018. Organize this information into a statement of cash flows. Use Leon’s statement in Exhibit 2.1 as a model. Be sure to provide a reconciliation to the cash balance on December 31, 2018:
• Cash balance on December 31, 2018 .......$75,000
• Cash balance on December 31, 2017.......?
• Cash from operations ............245,000
• Issue of long-term debt ............150,000
• Sale of land ..................45,000
• Purchase of equipment .............210,000
• Repayment of bank loan............ 85,000
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