Please help me prepare a statement of cash flow for the year ended December 31, 2019 A1TEST COMPANY2Statement of Financial PositionDecember 31, 2019 and 201820192018ASSETS7Current AssetsP2,043,650.00 P 2.204,306.00440 00443, 141.00376,382.003,104,269.00CashReceivables10 Inventories11Prepayments and other current assets12321,859.00103,858.002,469,367.00Total Current Assets1314Non current Assets15 Property and equipment - net16 Intangible assets - net17 Other current assets18. Deferred tax assets192,962,505.001,091,821.00577,649.001,228,086.005,860,061.004.097,069.001,227 416.00504, 104.00823,912.007.453,301.00Total Non Current Assets2021 Total AssetsP8,329,428.00 P 10,557,570.0022LIABILITIES AND OWNER'S EQUITY24 LIABILITIES25 Current Liabilitios26 Trade and other payables27 Advances from related partiesTotal Current LiabilitiesP 637,431.00 P 486.606.008,671,337.009,308,768.0010,110,964 002810,597,570.002930 OWNER'S EQUITY31 Share Capital32 DeficitTotal equityP1,875,000.00 P 1,875,000.00(2,854,340.00)(979,340.00)(1,916,000 00)(40.000.00)333435Total Liabilities and Owner's EquityP8,329,428.00 P 10.557.570.00 B1 TEST COMPANY2 Statement of Income3 For the year ended December 2019 and 201845201920186 NET SALES7 Sale of goods8 Sales return, discounts and allowancesTotal10 COST OF SALES11 Cost of good soldP8,133,255.00 P9,009,538.00(110,525.00)8,022,730.00(89,952.00)8,919,586.0092,335,448.00506,949.006,281,107.009,123,504.00 10,888,298.00(1,100,774.00) (1,968,712.00)19,655.002,717,371.0012 Direct labor718,559.0013 Overhead14Total7,452,368.0015 Gross Income (loss)16 Marketing Expenses17 Administrative Expenses18 Other IncomeNet income (loss) before income tax107,086.00226,898.003,813.00(1,343,514.00) (2,738,912.00)(404,174.00)|P 939,340.00 P1,915,000.00670,574.007,460.001920 Benefit from income tax - Deferred(823,912.00)21 Net Income (loss)22

Balance sheet, Profit & Loss statement is available for 2019 and 2018 We needs to Prepare Cash…

Answered: Please help me prepare a statement of…

Business

Accounting

Please help me prepare a statement of cash flow for the year ended December 31, 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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