From Vicky Subbaraos statements of financial position shown below, identify whether each account is an outflow of
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This Year Last Year Cash Inflows Cash Outflows Assets $136,000 _ House Cottage Land Car Computers 65,000 0,000 12,000 6,000 7,500 3,000 Savings bonds 5,000 RRSP 20,000 16,000 Cash 2,000 Total assets Equity Liabilities S256,500 $209.000 $105,000 92,000 Mortgage Bank of Montreal Bank loan Visa Sears 112,000 99,000 21,000 11,000 3,000 2,000 14,000 1,500 3,000 Total liabilities 151,500 117,000 Total equity and liabilities $256.500 $209,000 串 -- $ - -
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