Using the Statement of Cash Flows below, answer the following questions (10 marks):
a. What is the increase in cash for the year ended December 31, 2020? $
b. What is the final balance of the cash at the end of 2020? $
c. Please indicate the SOURCE (i.e. Income Statement, Balance Sheet, or Statement of Retained Earnings) in the Statement of Cash Flow snapshot below (see example)
Structure of the Statement of Cash Flows
Kunal Ltd.
Statement of Cash Flows
For the Year Ended December 31, 2020
Operating Activities
Profit for the year
Depreciation
Adjustment in non-cash working capital
Source
$
$
97,500
40,000
1. Income Statement
2.
-$
11,000
3.
$
126,500
Financing Activities
Payment of dividends
Long-term borrowings
Share capital
-S
47,500
200,000
15,000
4.
5.
6.
Investing Activities
Purchase of fixed assets
-S
290,000
7.
Increase in cash
Cash at the beginning of year
Cash at the end of year
$
167,500
290,000
???
18,000
???