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Referring to balance sheet and income statement of Sitra Co. below, prepare the cash flow from operating activities as one of the components of cash flow statement (5 marks) (Note: It's NOT required to prepare cash flow investing and financing activities) Sitra Company Comparative Balance Sheets December 31st, FY 2021 and FY 2020 FY 2021 FY 2020 Change Cash Receivables Inventory Prepaid Expenses 85,000 35,000 50000 58,900 48,900 54,000 60,000 10000 -6000 -3000 6,000 9,000

Referring to balance sheet and income statement of Sitra Co. below, prepare the cash flow from operating activities as one of the components of cash flow statement (5 marks) (Note: It's NOT required to prepare cash flow investing and financing activities) Sitra Company Comparative Balance Sheets December 31st, FY 2021 and FY 2020 FY 2021 FY 2020 Change Cash Receivables Inventory Prepaid Expenses 85,000 35,000 50000 58,900 48,900 54,000 60,000 10000 -6000 -3000 6,000 9,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Referring to balance sheet and income statement of Sitra Co. below, prepare the cash flow from operating activities as one of the components of cash flow statement (5 marks) (Note: It's NOT required to prepare cash flow investing and financing activities) Sitra Company Comparative Balance Sheets December 31st, FY 2021 and FY 2020 FY 2021 FY 2020 Change Cash Receivables 85,000 35,000 50000 58,900 48,900 10000 Inventory Prepaid Expenses Plant Assets Accumulated depreciation Intangible assets -6000 -3000 440,000 340,000 100000 54,000 60,000 6,000 9,000 (145,000)|(125,000) -20000 -7000 549,900 425,900 | 124000 51,000 58,000 TOTAL ASSETS 71,000 56,000 15000 18,000 14,000 Account Payable Accrued expenses 4000 Long-term note payable 30,000 30000 Mortgage payable 123,000 -123000 Preferred stock 175,000 175000 Common stock Retained earnings Total Liabilities & Equity 200,000 200,000 55,900 32,900 549,900 425,900 | 124000 23000 Sitra Company Income Statement December 31st, FY 2021 Sales 665000 Cost of Good Sold |-350000 Gross Profit Operating Expenses Depreciation & Amortization 315000 |-183000 -45000 Gain on Sale of Asset Net Income 6500 93500 Additional information 1. Sitra company purchased an equipment during the year at cost of $ 75,000 2. A production equipment was sold during the year for $ 44,000 3. Dividends paid during year 2021 are $ 111,000 Sitra Company Statement of Cash Flow December 31st, FY 2021 Amount ($) Net income Add (deduct)
Transcribed Image Text:Referring to balance sheet and income statement of Sitra Co. below, prepare the cash flow from operating activities as one of the components of cash flow statement (5 marks) (Note: It's NOT required to prepare cash flow investing and financing activities) Sitra Company Comparative Balance Sheets December 31st, FY 2021 and FY 2020 FY 2021 FY 2020 Change Cash Receivables 85,000 35,000 50000 58,900 48,900 10000 Inventory Prepaid Expenses Plant Assets Accumulated depreciation Intangible assets -6000 -3000 440,000 340,000 100000 54,000 60,000 6,000 9,000 (145,000)|(125,000) -20000 -7000 549,900 425,900 | 124000 51,000 58,000 TOTAL ASSETS 71,000 56,000 15000 18,000 14,000 Account Payable Accrued expenses 4000 Long-term note payable 30,000 30000 Mortgage payable 123,000 -123000 Preferred stock 175,000 175000 Common stock Retained earnings Total Liabilities & Equity 200,000 200,000 55,900 32,900 549,900 425,900 | 124000 23000 Sitra Company Income Statement December 31st, FY 2021 Sales 665000 Cost of Good Sold |-350000 Gross Profit Operating Expenses Depreciation & Amortization 315000 |-183000 -45000 Gain on Sale of Asset Net Income 6500 93500 Additional information 1. Sitra company purchased an equipment during the year at cost of $ 75,000 2. A production equipment was sold during the year for $ 44,000 3. Dividends paid during year 2021 are $ 111,000 Sitra Company Statement of Cash Flow December 31st, FY 2021 Amount ($) Net income Add (deduct)
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