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a) Use the following selected data about Comfort Bhd. and prepare the operating cash flows...

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Finance

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a) Use the following selected data about Comfort Bhd. and prepare the operating cash flows of the company for the year 2020. Balances Sheet Data Account receivables Equipment Bonds payable Salaries payable Prepaid expenses Inventories Account payable Accumulated depreciation Common stock Retained Earning Income Statement Data Net sales Cost of goods sold Operating expenses (excluding depreciation expense) Net Income Gain on sale of equipment (included in net income above) Amortization of bond discount (included in net income above) 2020 2019 RM RM 34,000 42,000 60,000 40,000 50,000 100,000 2,000 1,000 5,000 3,000 29,000 25,000 30,000 35,000 10,000 16,000 150,000 100,000 38,000 20,000 2020 390,000 300,000 64,000 10,000 2,000 1,500 (15 marks)

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