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Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 2017 for the Jen Corporation from the following Income Statement & Ralance Sheet tayu Jentayn Corparation Incozne Siatement For the Year Ended 31 December, 2018(in RM Millions) Sales Gross profits Operating expenses: RM 600 460 140 ) Cost of goods sold Selling expenses 20 General & administrative expenses15 Total operating expenses EBITDA Depreciation expense EBIT Interest expense EBT Taxes 35 105 30 75 60 18 Net income Dividend paid to stockholders Addition to retained earnings 36
Jentayu Corporation Balance Sheet as at December 31, 2017 and 2018(RM millions) 2018 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Total Assets 21 31 51 20 36 84 106 143 410 371 (85) 438 Liabilities & Equities Accounts payable Accrued expenses 41 42 10 65 225 10 64 235 Short-term notes Total current liabilities Long-term debt Total liabilities Common stockholders equity 82 85 Total common stockholders equityL6 Common stock Retained eamings 82 121 Total liabilities and equity
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entayn Corporation Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from Operating Activities Net Inco

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