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Prepare the statement of clash flow for the year 2012

Question 2 Based on the above information, prepare a statement of cash flow for the year 2012. WINDOWS SDN BHD BALANCE SHEET AS OF DECEMBER 31, 2012 AND 2011 2012 2011 CURRENT ASSETS Cash Account receivable Inventory Total current assets 24.000 70,000 25,000 65.000 100,000 190,000 205,000 FIXED ASSETS Gross plant and equipment Less: Depreciation Net plant and equipment Other long term assets Totalfixed assets 365.000 51.000 315,000 50.000 365.000 300,000 40.000 260,000 50,000 310,000 TOTAL ASSETS 570,000 500,000 LIABILITIES Accrued wages and taxes Accounts payable Notes payable Total current liabilities 20,000 55,000 45.000 120,000 15.000 50,000 45,000 110,000 195.000 315,000 190.000 300,000 Long term debt Total debt Stockholder' equity Preferred stock Common stock Retained earnine Total equity TOTAL LIABILITIES AND EQUITY 5,000 40.000 210,000 255,000 570.000 5.000 40,000 155,000 200,000 WINDOWS SDN BHD INCOME STATEMENT FOR YEARS ENDING DECEMBER 31, 2012 AND 2011 2012 2011 Net cash (all credit) Less: Cost of goods sold Gross profit Less: Depreciation Other operating expenses Earnings before interest and taxes Less: Interest Earnings before taxes Less: Taxes Net income 315,000 133,000 182,000 13,000 17,000 152,000 16.000 136,000 46,000 90,000 275,000 120,000 155.000 12,000 15,000 128,000 18,000 110,000 40,000 70,000

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