Reference no: EM132461201

(Preparation of a Statement of Cash Flows) Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd. for the last 2 years at December 31 (amounts in millions).

                                                                $158,000               $112,000

                                                                                     2019                      2018

Investments                                                 52,000                 298,000

Equipment                                                    240,000                 74,000

Less: Accumulated depreciation-equipment         (106,000)             (89,000)

Accounts receivable                                           180,000               185,000

Cash                                                               157,000                 78,000

Share capital-ordinary                                        160,000                 160,000

Retained earnings                                               287,000                 177,000

Current liabilities                                                  134,000                 151,000

Investments were sold at a loss of 7,000;

no equipment was sold; cash dividends paid were 50,000;

and net income was 160,000.

Additional information:

Instruction

Question a. Prepare a statement of cash flows for 2019 for Yoon Corporation.

Question b. Determine Yoon Corporation's free cash flow.