1)Additional info 

2) Ignore income tax 

3) Gyg ltd classify intrest said as an operating cash flow 

4) No items and plants sold during the the year

5) Company borrowed 55000 during the year and did not make payment 

6) Prepare cash flow statement 

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income statement of GYC Ltd for the year ended 30 June 2022, and its two most recent balance sheets are set out below: GYC Ltd Income Statement for the year ended 30 June 2022 Revenue: Sales revenue Less: Cost of sales Expenses: Depreciation expense Insurance expense Interest expense Rent expense Wages expense Profit $ 760,000 476,000 284,000 14,000 4,500 2,700 27,500 116,300 119,000 income statement of GYC Ltd for the year ended 30 June 2022, and its two most recent balance sheets are set out below: GYC Ltd Income Statement for the year ended 30 June 2022 Revenue: Sales revenue Less: Cost of sales Expenses: Depreciation expense Insurance expense Interest expense Rent expense Wages expense Profit $ 760,000 476,000 284,000 14,000 4,500 2,700 27,500 116,300 119,000

Answer rating: 100% (QA)

I see youre looking to prepare a cash flow statement for GYC Ltd for the year ended 30 June 2022 To create a cash flow statement we need to use both t... View the full answer