Reference no: EM133179503
Question - Show/Prepare a statement of cash flows for PJ for the year ended 31 December 2021 using Direct Method.
Cash balance, 31 December 2021 73,810
Cash paid to suppliers and employees 314,600
Cash received from sale of land 54,450
Cash paid as income taxes 24,200
Cash received from borrowing 36,300
Depreciation expense for the period 14,520
Cash paid to purchase equipment 60,500
Cash balance, 1 January 2021 55,660
Cash paid as drawings 76,230
Cash received from customers 399,300
Cash received as interest 9,680
Cash paid for interest 6,050