Current Attempt in Progress

Organic Developments Ltd$.($ODL$)$ is an importer of organic produce from California. The company has been experiencing significant growth and is preparing to approach the bank for a loan to acquire additional capital assets. As CFO, you are tasked with preparing the statement of cash flows that is required as part of the loan application. You have the statement of financial position and the statement. of income to help you prepare the statement of cash flows. In addition you also have the following information:

During the year, the company borrowed $$16,520$ by increasing its bank loan payable.

In September, ODL sold equipment for $$7,080$ cash. The equipment had originally cost $$158,120$ and had a net carrying amount of $$16,520$ at the time of sale.

In June, ODL acquired land with a value of $$141,600$ by issuing common shares with an equivalent value. The land is to be used as a site for a warehouse it hopes to construct in the next year.