Information from the December $31,2023$ and $2022$ statement of financial

position of Koyoko Berhad are presented below:

ASSETS

$2023$

$2022$

Cash

$30,000$

$50,000$

Account receivable, net

$410,000$

$460,000$

Inventory

$300,000$

$320,000$

Prepaid expenses

$20,000$

$15,000$

Long term investments

$50,000$

$25,000$

Land

$560,000$

$300,000$

Building and equipment

$2,000,000$

$1,900,000$

Accumulated depreciation

$(800,000)$

$(770,000)$

$2,570,000$

$2,300,000$

EQUITY AND LIABILITIES

Account payable

$300,000$

$120,000$

Accrued liabilities

$40,000$

$50,000$

Bonds payable

$500,000$

$800,000$

Long term loan

$150,000$

$0$

Ordinary share capital

$910,000$

$710,000$

Retained earnings

$670,000$

$620,000$

$2,570,000$

$2,300,000$

Additional information about $2023$ transactions and events:

i$.$ Net income was RM$110,000.$

ii$.$ Depreciation expense on buildings and equipment was RM$60,000.$

iii. Sold equipment with a cost of RM$50,000$ and accumulated depreciation

of RM$30,000$ for cash of RM$17,000.$

iv$.$ Declared and paid cash dividends of RM$60,000.$

v$.$ Purchased long$-$term investments for RM$25,000.$

vi$.$ Paid RM$300,000$ on the bonds payable.

vii. Issued $40,000$ ordinary shares of RM$1$ for RM$200,000.$

viii. Purchased land for RM$260,000.$

Required:

Using the information given, prepare a Statement of Cash Flows for Koyoko Berhad

for the year ended $31$ December $2023,$ using indirect method.

$(30$ marks$)$