1) The movements in the cash account of NONCHALANT COOL Co

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1) The movements in the cash account of NONCHALANT COOL Co. during 20x2 are shown below. Cash beg 200 Sales 6,000 3,800 Purchases Interest income 20 1,200 Operating expenses Rent incom 270 30 Interest expense Dividend income 40 70 Income taxes Held for trading securities 800 100 Investment in FVOCI Sale of old building 520 1, 100 Purchase of equipment Collection of non -trade note 60 130 Loan granted to employee Proceeds from loan with a bank 1,600 240 Payment of loan borrowed Issuance of shares 970 200 Reacquisition of shares 90 Dividends 3, 520 end Requirement : Prepare the statement of cash flows of NONCHALANT COOL Co . for the year ended December 31, 20x2. (Use Option 1 in classifying cash flows from operating activities 2. IMPECCABLE FLAWLESS Co. had the following information during 20x2: Accounts receivable January 1, 20x2 1,200 Accounts receivable December 31, 20x2 800 Sales on account and cash sales 16,000 Bad debts expense 400 Accounts payable January 1, 20x2 700 Accounts payable . December 31, 20x2 400 Cost of sales 8,000 Increase in inventory 1,800 Operating expenses on accrual basis 2,440 Increase in accrued payables for operating expenses 820 Decrease in prepaid operating expenses 780 Property, plant, and equipment, January 1, 20x2 3,600 Property, plant, and equipment, December 31, 20x2 5,400 Additional information a. There were no write-offs of accounts receivable during the year. b. Equipment with an accumulated depreciation of F 400 was sold during the year for F 240 resulting to a gain on sale of F 30 Requirements : Compute for the following (a) cash receipts from customers (b) cash payments to suppliers (c) cash payments for operating expenses , and (d) cash payments for acquisition of property, plant, and equipment. 3. DERISION OBJECT OF RIDICULE Co. has the following information as of December 31, 20x2 :