Prepare a Statement of Cash Flows for the year ending 31st December 2021 from the following information
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Question:
Prepare a Statement of Cash Flows for the year ending 31st December 2021 from the following information (Hint: NOT ALL of the following items belong in a Statement of Cash Flows
- Sales 750
- Cost of Goods Sold 400
- Depreciation of Equipment 80
- Dividends Paid 60
- Interest Expense paid 24
- New Capital contributed 200
- New Loan raised 100
- Old Loan paid off 44
- Operating Expenses Paid 120
- Payment to Suppliers of stock 410
- Purchase of new equipment 330
- Receipts from Customers 765
- Revaluation of Land 75
- Cash at start 27
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