View Help to D-A- E AL AaBbCcDc AaBbCcDc AaBb C AaBbcc 1 Normal T No Spac... Heading 1 Heading 2 Paragraph Styles Question 2 Rain or Shine Ltd. is reporting the following information for December 31, 2019. Prepare the cash flow statement for December 31, 2019 using the direct method, under ASPE. $ $ $ $ 63,000 6,000 16,000 21,000 S 2,300 $ 15,000 S Payments to suppliers Interest received on investments Payment of interest Depreciation expense Payment of income taxes Collection of dividend revenue Payment of salaries and wages Cash sales Loss on sale of capital assets Proceeds from issuance of shares Acquisition of equipment Net Income Collections of accounts receivable Cash balance: December 31, 2018 Cash balance: December 31, 2019 s $ s 158,000 160,000 5,800 31,000 55,000 84.000 73,500 $ S 45,000 36.200 $ Accesinette 3 Paragraph Styles Far Cry Ltd. reports the following balance sheet for 2018 and 2019. Required - Using the following information, perform a horizontal analysis for 2019: Far Cry Ltd Comparative Balance Sheet 31-Dec-19 2019 Assets Cash Accounts Receivable Total Current Assets $ $ $ 70,000 $ 57,000 $ 127,000 $ 2018 85,000 43,000 128,000 Property, plant and equipment, net Loans Receivable Total Assets $ $ $ 230,000 $ 89,000 $ 446,000 $ 193,000 55,000 376,000 Liabilities Accounts Payable Bank Loan $ 62,000 $ 80,000 $ 45,000 43,000 $ Shareholder Equity Common Shares Retained Earning Total Shareholders Equity Total Liabilities & Shareholder's Equity Isles is in 85,000 $ 219,000 $ 304,000 $ 446,000 $ 85,000 203.000 285.000 376,000 Droo Ine Putsc Impr. GE. P F12 F11 C + F9 F10 FS F8 F7