Question: Make-up) Haning 100 + QUESTION 3 (16 Marks) L01, LO2, L03 Johnson Co has net income of BD900,000 for the year onded 31 December 2020

 Make-up) Haning 100 + QUESTION 3 (16 Marks) L01, LO2, L03

Make-up) Haning 100 + QUESTION 3 (16 Marks) L01, LO2, L03 Johnson Co has net income of BD900,000 for the year onded 31 December 2020 The comparative statement of financial position shows the following entries 2020 2019 Inventories 590,000 780,000 Trade and other receivables 1,020,000 580,000 Trade and other payables 450,000 300,000 During the year, the company entered into the following transactions: Johnson Co sold equipment costing BD80,000 with accumulated depreciation of BD10,000 for BD28,900 cash, yielding a loss of BD41,100. Johnson Co purchased furniture for BD15,000. Johnson Co incurred annual depreciation expense of BD30,000. The business owner, Amina, withdrew BD4,000 for personal use. Required: Prepare an extract from the statement of cash flows for the year ended 31 December 2020 showing the Net Cash from Operating Activities

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