Assignment 4 - Cash Flow statement Question 1: The cash sales 40,000 - Cash receipts from accounts receivable 30,000 - cash purchases 22,000 - Cash payments to accounts payable 15,000 - the cash expenses 21,000 - the acquisition of new equipment 40,000 cash - the cash receipts from sale (disposal) of old equipment 5000 - The cash receipts from issuing new share capital 30,000 - the cash receipts form borrow new long-term loan 12,000 - the dividends for shareholders 4000 The beginning cash balance (at Jan. 1, 2018) 5,000 Prepare the cash flow statement 2017 Question 2: Use the following is the B S and other data to prepare cash flow statement: The balance sheet (statement of financial position) as of Dec. 31, 2018 Assets 2018 2017 Liabilities & equity 2018 Current assets: Current Liabilities: Cash 2000 3000 A/P 5700 A/R 6000 4000 Accrued Salaries 300 Inventory 6000 8000 Noncurrent Liabilities: Prepaid insurance 2000 1000 Notes payable 8,000 Noncurrent assets: Equipment 34,000 24.000 Shareholder's equity: Accumulated depreciation (10,000) (6,000) Shared capital 23,000 Retained earnings 3000 40000 34000 40000 4500 500 10,000 14,000 5000 34000 The net income 2000 The cash dividends: 4,000 The Co. purchase new equipment for 5,000 in cash