Please help me (13-8A)

*P13-8A Data for Rajesh Company Ltd. are presented in P13-7A. Further analysis reveals

the following.

1. Accounts payable pertain to merchandise suppliers.

2. All operating expenses except for depreciation were paid in cash.

3. All depreciation expense is in the operating expenses.

4. All sales and purchases are on account.

Instructions

(a) Prepare a statement of cash fl ows for Rajesh using the direct method.

(b) Compute free cash fl ow.

a... I I'vvv r'repare a statement ofcash lowsindirect method. and :ompute free cash ow. P13-1A Presented below are the nancial statements of Rajesh Company Ltd. MESH COMPANY LTD. Comparative Statements of Financial Position 'LO 3' 4) December 31 \"9\" Equipment 60,000 78,000 Accumulated depreciationequipment (29,000) (24,000) Inventory 30,000 20,000 Accounts receivable 33,000 14,000 Cash 37,000 20,000 Total 131,000 108 ,000 Equity and Liabilities Share capitalordinary 18,000 :6 14,000 Retained earnings 50,000 38,000 Bonds payable 27,000 33,000 Accounts payable 29,000 15,000 Income taxes payable 7,000 8,000 Total 131,000 108 ,000 RAJESH COMPANY LTD. Income Statement For the Year Ended December 31, 2017 Sales revenue 242,000 Cost of goods sold 175,000 Gross prot 67,000 Operating expenses 24,000 Income from operations 43,000 Interest expense 3,000 Income before income taxes 40,000 Income tax expense 8,000 Net income 32,000 Additional data: 1. Depreciation expense is 13,300. 2. Dividends declared and paid were 20,000. 3. During the year, equipment was sold for 9,700 cash. This equipment cost 18,000 originally and had accumulated depreciation of 8,300 at the time of sale. Instructions Ea) Cash from operations 29,300 *P13-8A Data for Rajesh Company Ltd. are presented in P13-7A. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. (a) Prepare a statement of cash ows using the indirect method. (b) Compute free cash flow. wwwdownloadslidenet Problems: Set A 697 Prepare a statement ofcash owsdirect method. and compute free cash ow. (LO 4, 5) 3. All depreciation expense is in the operating expenses. 4. All sales and purchases are on account. Instructions (a) Prepare a statement of cash ows for Rajesh using the direct method. (b) Compute free cash ow. (a) Cash from operations 29,300