Ive been tasked with creating a cash flow statement for thebelow balance sheet item...

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Accounting

Ive been tasked with creating a cash flow statement for thebelow balance sheet item and profit and loss items, I've finishedit on my own but the operating activities im not too sure on;
Balance sheet;
ASSETS 2018 2019
cash 33400 25000
A/C Rec 37000 61060
Consultation service Receivable 1000 2000
Inventory 102650 121900
Prepaid Insurance 9500 6500
Land 107000 84500
Property, plant & equipment 205000 310000
Accum Dep'n - PP&E (40000) (46500)
LIABILITIES & EQUITY
A/c paybale 48280 62700
interest pay 18800 12500
income tax pay 1000 2000
other expenses pay 13500 15000
debentures pay 246870 275000
share cap 78100 135600
retained earnings 49000 61660
PROFIT & LOSS
sales 197000
less: cost of sales (99460)
GROSS profit 97540
add: other income
consultation services receivable 20500
gain on sale of plant & equipment 5000 25500
123040
less: expenses
interest expense 2940
income tax exp 7270
other operating exp 50170 (60380)
Profit 62660
property plant and equipment costing 141000 was purchased duringyear
PP&E sold for 36000 during year
35500 dep'n expense on PP&E durong year
if someone could help with the workings for operatingactivities and investing activities that would be great, alsounsure if im to add consultation services receivable to accountsreceivable aswell. im using T-accounts for my workings.thanks

Answer & Explanation Solved by verified expert

3.6 Ratings (411 Votes)

Statement of Cash Flows For the year ended December 31 2019 Net Income 62660 Adjustments to reconcile net income to net cash flows from operating activities Depreciation expense 35500 Interest Expense 2940 Gain on Sale of Plant and Equipment 5000 Increase in Accounts See Answer

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In: AccountingIve been tasked with creating a cash flow statement for thebelow balance sheet item and...Ive been tasked with creating a cash flow statement for thebelow balance sheet item and profit and loss items, I've finishedit on my own but the operating activities im not too sure on;Balance sheet;ASSETS 2018 2019cash 33400 25000A/C Rec 37000 61060Consultation service Receivable 1000 2000Inventory 102650 121900Prepaid Insurance 9500 6500Land 107000 84500Property, plant & equipment 205000 310000Accum Dep'n - PP&E (40000) (46500)LIABILITIES & EQUITYA/c paybale 48280 62700interest pay 18800 12500income tax pay 1000 2000other expenses pay 13500 15000debentures pay 246870 275000share cap 78100 135600retained earnings 49000 61660PROFIT & LOSSsales 197000less: cost of sales (99460)GROSS profit 97540add: other incomeconsultation services receivable 20500gain on sale of plant & equipment 5000 25500123040less: expensesinterest expense 2940income tax exp 7270other operating exp 50170 (60380)Profit 62660property plant and equipment costing 141000 was purchased duringyearPP&E sold for 36000 during year35500 dep'n expense on PP&E durong yearif someone could help with the workings for operatingactivities and investing activities that would be great, alsounsure if im to add consultation services receivable to accountsreceivable aswell. im using T-accounts for my workings.thanks