Statement of cash flows * No comma is needed for input of answers. (eg. five thousand should be input as 5000) , Below is the financial information for TRIALCompany Limited for the year ended 31 December no marks will be awarded if input as 5,000 please input negative figure with a negative sign , eg -5000 TRIAL Company Limited Additional information Statement of Financial Position i. Sold plant that cost $245,000 and a book value at the date of disposal of $65,000 for $54,000. 31 December 2019 ii. Sold equipment that cost $105,000 and a book value at the date of disposal of $35,000 for $45,000. 2019 2018 iii. Interest on all bonds is paid on 30 June and 31 December each year. $ $ $ $ $160,000 of the 8% bonds was redeemed on 31 December 2019. Property, plant and equipment The remaining $40,000 of the 8% bonds was converted to ordinary share capital of $40,000. Plant 2,500,000 2,190,000 iv. The company issued additional ordinary share on 1 February 2019. Less: Acc. Depreciation-plant -904,000 1,596,000 -852,000 1,338,000 v. An interim dividend of $110,000 was paid on 30 June 2019 to holders of all the shares in issue at that date. vi. In July 2019, the company bought 40,000 treasury shares at cost of $2.5 each share. Equipment 420,000 210,000 Less: Acc. Depreciation-equipment -56,000 364,000 -28,000 182,000 TRIAL Company Limited Current assets Statement of Cash Flows Merchandise inventory 360,000 324,000 for the year ended 31 December 2019 Accounts receivable, net 344,000 360,000 Cash flows from operating activities Cash and cash equivalents 27,000 16,000 Net income 731,000 700,000 Adjustments to reconcile net income to cash used in operating activities: 2,691,000 2,220,000 Depreciation expense Equity Gain/Loss on disposal of plant Share capital, ordinary at $1 par 800,000 600,000 Gain/Loss on disposal of equipment Share premium, ordinary 319,000 200,000 Increase/Decrease in merchandise inventory Share premium, treasury - - Increase/Decrease in accounts receivable Retained earnings 900,000 776,000 Increase/Decrease in accounts payable Less: Treasury shares 100,000 - Increase/Decrease in accrued liabilities Total equity 1,919,000 1,576,000 Increase/Decrease in tax payable Net cash provided /used by operating activities Cash flows from investing activities: Non-current liabilities Sales of plant 8% bonds payable 200,000 400,000 Sales of equipment Purchase of plant Current liabilities Purchase of equipment Accounts payable 475,000 172,000 Net cash provided/ used by investing activities Accrued liabilities 72,000 52,000 Cash flows from financing activities Income taxes payable 15,000 10,000 Repayment of bonds Other payables 10,000 10,000 Issuance of ordinary shares 572,000 244,000 Sales of treasury shares Total liabilities 772,000 644,000 Purchase of treasury shares Total equity and liabilities 2,691,000 2,220,000 Payment of dividends Net cash provided used by financing activities * No comma is needed for input of answers. (eg. five thousand should be input as 5000) Net increase in cash please input negative figure with a negative sign , eg -5000 Cash at the beginning of the year Cash at the end of the year