Reference no: EM132441663

Question -

CF, Inc. is a Hong Kong company and reported the following financial information for 2018: Revenue and net income were HK$800,000 and HK$190,000, respectively. The company purchased no investments, had only one long-term note payable transaction and one share capital transaction during the year.

CF, Inc. Comparative Balance Sheets 31 December 2018, 2017 (in thousands, Hong Kong Dollar)
Assets	2018	2017
Current:
Cash	56	22
Accounts Receivable	108	86
Inventory	166	188
Non-Current:
Long-term Investment	108	158
PPE, net	458	376
Total	896	830
Liabilities
Current:
Accounts Payable	96	86
Unearned Revenue	32	38
Salary Payable	52	48
Non-Current:
Long-term Note Payable	138	108
Shareholders' Equity
Ordinary Shares	96	76
Retained Earnings	482	474
Total	896	830

Required -

Compute the proceeds from the sale of long-term investment.

Compute the amount of new borrowing on long-term note payable.

Compute the issuance of ordinary shares.

Compute the payment of dividends.