Comparative statement of financial position as at December 31, 25x7 and 25x6 of UML Corporation is...

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Comparative statement of financial position as at December 31, 25x7 and 25x6 of UML Corporation is as follows: (Unit: THB) Cash Accounts receivable Inventories Prepaid operating expenses Land Equipment (net) Total assets Accounts payable Tax payable Accrued other operating expenses Long-term loans Common stocks (par of THB 10) Retained earnings Total liabilities and equity 25x7 88,000 227,500 395.500 10,500 345,500 265,500 1.332.500 179,000 110,000 114,500 250,000 443,000 236.000 1.332,500 25x6 25,000 222,500 337,500 30,000 109,500 246.000 970.500 128,000 78,000 121,000 185,000 321,500 137,000 970,500 Apart from above, the information on income statement for the year ended 25x7 are: (Unit: THB) Sale revenue Costs of goods sold ✓ Gross profit Depreciation of PPE Other operating expenses ✓ Interest expense Income tax expense Net income 2,240,000 (926.500) 1,313,500 (87,500) (248,500) (124,500) (149,000) 704.000 Additional information: (1) No sale of land and equipment during 25x7. (2) No repayment of long-term loans during 25x7. (3) No transaction of share repurchases or cancellation of common stocks during 25x7. Required: (a) Prepare statement of cash flows of UML Corporation for 25x7 by applying direct method for cash flows from operating activities. (b) Prepare statement of cash flows of UML Corporation for 25x7 by applying indirect method for cash flows from operating activities. (c) Discuss on cash flows from operating, investing, and financing activities, and net cash provided by (or used by) each of these 3 activities. Comparative statement of financial position as at December 31, 25x7 and 25x6 of UML Corporation is as follows: (Unit: THB) Cash Accounts receivable Inventories Prepaid operating expenses Land Equipment (net) Total assets Accounts payable Tax payable Accrued other operating expenses Long-term loans Common stocks (par of THB 10) Retained earnings Total liabilities and equity 25x7 88,000 227,500 395.500 10,500 345,500 265,500 1.332.500 179,000 110,000 114,500 250,000 443,000 236.000 1.332,500 25x6 25,000 222,500 337,500 30,000 109,500 246.000 970.500 128,000 78,000 121,000 185,000 321,500 137,000 970,500 Apart from above, the information on income statement for the year ended 25x7 are: (Unit: THB) Sale revenue Costs of goods sold ✓ Gross profit Depreciation of PPE Other operating expenses ✓ Interest expense Income tax expense Net income 2,240,000 (926.500) 1,313,500 (87,500) (248,500) (124,500) (149,000) 704.000 Additional information: (1) No sale of land and equipment during 25x7. (2) No repayment of long-term loans during 25x7. (3) No transaction of share repurchases or cancellation of common stocks during 25x7. Required: (a) Prepare statement of cash flows of UML Corporation for 25x7 by applying direct method for cash flows from operating activities. (b) Prepare statement of cash flows of UML Corporation for 25x7 by applying indirect method for cash flows from operating activities. (c) Discuss on cash flows from operating, investing, and financing activities, and net cash provided by (or used by) each of these 3 activities.

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