Prepare a Statement of Cash Flows from following information related to Internal Service Fund of Cit

 
   

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Prepare a Statement of Cash Flows from following information related to Internal Service Fund of City of Riyadh.                                                                                                     (2 Marks)

Purchase of Capital Assets

$   50,000

Receipts from Customers

   400,000

Payment to Suppliers

     85,000

Cash Balance at the Beginning of the year

    25,000

Operating Income

      9,000

Depreciation

      8,000

Decrease in Inventories

      2,000

Increase in Account Payable

      4,000

Interest Received

    12,000