Question $9$ Cash Flow StatementsQuestion $9-$ Cash Flow Statements

Condensed financial data of ESTRADA LTD appear below:

ESTRADALTD

Statement of Financial Performance

for the year ended $30$ June $2021$

Sales

$$674,000$

Less:

Additional information:

New plant assets costing $$75,000$ were purchased for cash in $2021.$

Old plant assets costing $$38,000$ were sold for $$13,000$ cash when their carrying amount was

$$16,000.$

Notes with a face value of $$30,000$ were converted into $$30,000$ of ordinary shares.

A cash dividend of $$15,000$ was declared and paid during the year.

AccountRequired:

Prepare a statement of cash flows for the year using the DIRECT method.s payable pertain to merchandise purchases.