Trufil Corporarion's year ending is Dec 31. Its comparitive balance sheet for 2019 and 2020: 2019 2020 2019 Cash Inventory Accounts Receivable Office equipment Plant & Machinery Investments Sales Cost of Goods sold Salaries & wages utilities Vehicle lease expense Depreciation expense 11,050 63,450 Office expenses Net Profit 69,800 36,200 116,450 4,100 Accounts Payable 49,800 Salaries Payable Long term loans 6,400 8,550 303,350 398,400 Income statement of Trufil as on Dec 31, 2020 is as under: 96,600 41,050 Share capital 198,300 698,300 488,600 209,700 101,300 Retained earnings 9,450 5,610 11,050 69,840 12,450 Prepare cash flow statement of Trufil as of Dec 31, 2020 using Indirect method 116,350 6,950 57,250 63,400 59,400 303,350 2020 124,100 2,150 119,550 72,100 80,500 398,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Trufil Corporarion's year ending is Dec 31. Its comparitive balance sheet for 2019 and 2020:
2019
2020
2019
Cash
Inventory
Accounts Receivable
Office equipment
Plant & Machinery
Investments
Sales
Cost of Goods sold
Salaries & wages
utilities
Vehicle lease expense
Depreciation expense
11,050
63,450
69,800
36,200
116,450
6,400
8,550
303,350
398,400
Income statement of Trufil as on Dec 31, 2020 is as under:
Office expenses
Net Profit
4,100
49,800
96,600
41,050
198,300
698,300
488,600
209,700
101,300
Accounts Payable
Salaries Payable
Long term loans
Share capital
Retained earnings
9,450
5,610
11,050
69,840
12,450
Prepare cash flow statement of Trufil as of Dec 31, 2020 using Indirect method
116,350
6,950
57,250
63,400
59,400
303,350
2020
124,100
2,150
119,550
72,100
80,500
398,400
Transcribed Image Text:Trufil Corporarion's year ending is Dec 31. Its comparitive balance sheet for 2019 and 2020: 2019 2020 2019 Cash Inventory Accounts Receivable Office equipment Plant & Machinery Investments Sales Cost of Goods sold Salaries & wages utilities Vehicle lease expense Depreciation expense 11,050 63,450 69,800 36,200 116,450 6,400 8,550 303,350 398,400 Income statement of Trufil as on Dec 31, 2020 is as under: Office expenses Net Profit 4,100 49,800 96,600 41,050 198,300 698,300 488,600 209,700 101,300 Accounts Payable Salaries Payable Long term loans Share capital Retained earnings 9,450 5,610 11,050 69,840 12,450 Prepare cash flow statement of Trufil as of Dec 31, 2020 using Indirect method 116,350 6,950 57,250 63,400 59,400 303,350 2020 124,100 2,150 119,550 72,100 80,500 398,400
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