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Question 9 Cash Flow StatementsQuestion 9- Cash Flow Statements Condensed financial data of ESTRADA...

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Accounting

Question 9 Cash Flow StatementsQuestion 9- Cash Flow Statements
Condensed financial data of ESTRADA LTD appear below:
ESTRADALTD
Statement of Financial Performance
for the year ended 30 June 2021
Sales
$674,000
Less:
Additional information:
New plant assets costing $75,000 were purchased for cash in 2021.
Old plant assets costing $38,000 were sold for $13,000 cash when their carrying amount was
$16,000.
Notes with a face value of $30,000 were converted into $30,000 of ordinary shares.
A cash dividend of $15,000 was declared and paid during the year.
AccountRequired:
Prepare a statement of cash flows for the year using the DIRECT method.s payable pertain to merchandise purchases.
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