Question :

Find :

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2.

Carol Ltd's comparative statements of financial position are presented below. Carol Ltd. Comparative Statements of Financial Position December 31 2020 2019 Land 29.640 22,800 79,800 (17,100) Buildings Accumulated depreciation-buildings Accounts receivable 79,800 (11.400) 23,712 26,676 Cash 20,129 12.198 Total 129,341 136,914 85,500 82,080 Share capital-ordinary Retained earnings Accounts payable 29,746 22.800 14,095 32,034 Total 129,341 136.914 Additional information: 1. Net income was 25.756. Dividends declared and paid were 18,810. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated deprecia 2. 2 Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - signes -15,000, or in parenthesis e. g (15,000.) CAROL LTD. Statement of Cash Flows Adjustments to reconcile net income to > w