FABM2

Performance task no. 3

I.Direction: Do what are asked below. Write your answer in a clean sheet of paper.
1. Prepare the Statement of Changes in Equity for year ending December 31, 2020 of Cruz
Laundry Shop owned solely by Ramona A. Cruz. The following are the conditions:
a. December 2019, Capital recorded is P365,000.00
b. During the year she withdrew P20,000 for two consecutive months.
c. Reflected in the annual statement of comprehensive income during the year, net income is
P150,555.00
d. No net loss experienced during the year but was able to experience break even for the first 3
months. e. June of the same year, she invested P190,000.

II. Cactus Company is preparing its cash flow statement for 2018. The company ended 2017 with
a cash balance of P135,000.
A. During 2018, credit sales amounts to P680,000 and 75% of which is expected to be collected.
B. There are about P125,000 cash sales.
C. Payments for the cost of service are at P430,000.
D. Purchase of new equipment is for P300,000.
E. Cactus company must make a debt payments of P75,000.
F. Cactus sells some excess land it held for several years for cash price of P205,000.
G. The company intends to sell stocks at P250,000 and pay dividends of P55,000.
Prepare the company’s cash flow for 2018.