Here is below the financial statements for Omar company. + Income Statement Sales revenues cost of goods sold Operating

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Here Is Below The Financial Statements For Omar Company Income Statement Sales Revenues Cost Of Goods Sold Operating 1 (79.14 KiB) Viewed 42 times

Here is below the financial statements for Omar company. + Income Statement Sales revenues cost of goods sold Operating expenses (excluding depreciation) Depreciation expenses Loss on disposal of equipment Interest expenses Total operating expenses income before taxes income tax expense net income Statement of financial Positions Assets Cash accounts receivables inventory prepaid insurance Land Building less: accumulated depreciation- Building Equipment less: accumulated depreciation- Equipment total assets Liabilities and stockholders' equity Accounts payable Income tax payable Bonds payable common stock Retained earnings Total liabilities and stockholders' equity Additional Information 1. The company sold equipment for $6,000 cash. 2. A building costing $180,000 was purchased for cash. 3. Equipment costing $37,500 was also purchased for cash. 4. Issued common stock for $30,000 cash 225,000 166,500 13.500 4.500 63,000 31/12/2019 82,500 30,000 22,500 7,500 195,000 240,000 (16,500) 40,500 (4,500) 597,000 31/12/2019 42,000 9,000 195,000 105,000 246,000 597,000 760,500 (472,500) 288,000 (70,500) 217.500 31/12/2018 49,500 45,000 15,000 1,500 30,000 60,000 (7,500) 15,000 (1,500) 207,000 31/12/2018 18,000 12,000 30,000 75,000 72,000 207,000 5. The company declared and paid cash dividend 6. Issued $165,000 of long-term bonds in direct exchange for land. You are required to prepare a statement of cash flow using indirect method. Then answer the below questions. 1. How much is the net cash provided by operating activities? 2 How much is the net cash used by investing activities? 3. How much is the net cash used by financing activities?