The following income statement and selected balance sheet account data are available for Satelllite Transmissions, Inc,. at December 31: SATELLITE TRANSMISSIONS, INC Income Statement For the Year Ended December 31,2012 Net Income 205,000 Gain on sales of marketable securities 4000 Depreciation expense 26000 Loss on sale of plant assets 12500 Gain on sale of securities 6500 Selected account balances: End of Year Beg. of Year A/c Receivable Rs.650,000 720,000 Accrued interest receivable 9000 6000 Inventories 800,000 765,000 Short term prepayments 20,000 15,000 Account payable 570,000 562,000 Accrued operating expense payable 65,000 94,000 Accrued interest payable 21,000 12,000 Accrued income taxes payable 22,000 35,000 Company issued 45000 shares at Rs.17. Redeemed bonds payable Rs.75,000, purchased plant assets Rs.200,000. Loan made to associated company for 4 years at 5% Rs.150,000. Required: Prepare Cash Flow Statement by Indirect Method showing separately operating, investing and financing activities.
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The following income statement and selected
SATELLITE TRANSMISSIONS, INC
Income Statement
For the Year Ended December 31,2012
Net Income 205,000
Gain on sales of marketable securities 4000
Loss on sale of plant assets 12500
Gain on sale of securities 6500
Selected account balances:
End of Year Beg. of Year
A/c Receivable Rs.650,000 720,000
Accrued interest receivable 9000 6000
Inventories 800,000 765,000
Short term prepayments 20,000 15,000
Account payable 570,000 562,000
Accrued operating expense payable 65,000 94,000
Accrued interest payable 21,000 12,000
Accrued income taxes payable 22,000 35,000
Company issued 45000 shares at Rs.17. Redeemed bonds payable Rs.75,000, purchased plant assets Rs.200,000. Loan made to associated company for 4 years at 5% Rs.150,000.
Required:
Prepare
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