From the information in P11 5 prepare the statement of

cash
From the information in P11-5, prepare the statement of cash flows (direct method) for the
Metro School District Repair Shop Internal Service Fund for the year ended December 31,
20X6. (Omit reconciliation and schedules.)In P11-5, The trial balance for the Metro School
District Repair Shop at January 1, 20X6, was as follows:The Repair Shop Fund had the
following transactions during 20X6:1. Materials purchased on account, $20,000.2. Materials
used, $7,000.3. Payroll paid, $12,000.4. Utilities paid, $3,500.5. Billings to departments for
repair services, $29,500.6. Collections from departments, $27,900.7. Equipment acquired under
a capital lease; capitalizable cost, $8,000, and initial payment, $300.8. Subsequent lease
payments, $1,000, including $100 interest.9. Depreciation on:Buildings . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . $ 2,000Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4,000 $ 6,00010. Payments on vouchers payable (for materials),$30,000. View Solution: From
the information in P11 5 prepare the statement of cash
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