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Please create statment of clash flows using indirect method
Dices income stabement foe the year ended 2018 is presented below Income Statement Sales Cost of sales Depreciation and impairment loss Selling. general, administrative expenses Interest expense Unrcalized gain on marketable securities Gain on disposal of oqaipment Gain on sale of investments Dividend income Interest income Income before income taxes Income tax expense Net income 7,840,000 5,500,000 1,100,000 140,000 15,000 10,000 35,000 10,000
Assets 2018 2017 Change Cash Current Investments Accounts Receivable $ 1,95,000.00 1,00,000.00 $ 95,000.00 3,00,000.00 $5,40,000.00$ 5,60,000.00 20,000.00 $ 3,00,000.00 Allowance for doubtful accounts $ -60,000.00 $ -50,000.00 10,000.00 Inventory Prepaid Expenses Investment Plant assets Accumulated depreciation Goodwill Total Assets Liabilities and Equity Accounts Payable Interest payable Accrued expenses payable 2,50,000.00 $ 3,00,000.00 s-50,000.0o income tax payable current debt common stock $10 par Additional Paid in Capital Retained Earnings Total Liabilities and Equity $ 32,25,000.00$ 21,80,000.00 $10,45,000.00 6,80,000.00 6,00,000.00 80,000.00 15,000.0020,000.00-5,000.00 $2,15,000.00 3,00,000.00 85,000.00 $ 17,30,000.00 5 10,00,000.00 $ 7,30,000.00 $ -4,80,000.00 -4,50,000.00 $-30,000.00 $90,000.00 1,00,000.00 $ -10,000.00 32,25,000.00 21,80,000.00 10,45,000.00 S 8,25,000.00 20,000.00$ 1,05,000.00 $ 15,000.00S 10,000.00 $5,000.00 $20,000.0030,000.00 10,000.00 3,25,000.00 $8,00,000.007,00,000.00 1,00,000.00 $ 3,70,000.00 2,50,000.00 $ 1,20,000.00 6,20,000.00 1,70,000.00 4,50,000.00 3,25,000.00 $ Change 2018 Value 2017 Value
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Dice Corp. Statement of Cash Flow For the Year Ended 2018 Adjusted Profit & Loss Bad Debt Goodwill wrire off Dividend Depreciation expense 50,000 Balance b/d 10,000 Profit on sale of Operationg profit before change in working capital Add: Decrease in Current Asset/Increase in Current Liabilities Prepaid expense Accounts payable Interest payable 170,000 35,000 15,000 10,000 980,000 240,000 Profit on revaluation 290,000 Profit on sale of 5,000 105,000 5,000 115,000 Balance c/d 620,000 Operating Profit (bal fig) 1,210,000 980,000 $1,210,000 Less: Increase in Current Asset/Decrease in Current Liabilities Accounts receivable Current investments Accrued expense payable Income tax payable Inventory 20,000 300,000 50,000 10,000 80,000 460,000 635,000 Cash flow from operating activities Cash flow from investing activitie Sale of investment Sale of plant 135,000 150,000 285,000 1,130,000 Less: Purchase of plant Cash flow from investing activities (845,000) Issue of common stock Securities premium increase Lan advance received 100,000 120,000 325,000 545,000 240,000 Less: Dividend paid Cash flow from financing activities Net Change in Cash Add: Opening cash balance Closing cash balance 305,000 95,000 100,000 195,000

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