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. Prepare a cash flow statement using the below data

. Prepare a cash flow statement using the below data

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Prepare a cash flow statement using the below data
Income Statement YIE 31 Dec 20x1 YIE 31 Dec 20x2 63,000 26,460 36,540 13,050 2,835 5,250 4,965 23,490 3,915 19,575 7,830 11,745 2,349 9,396 85,050 34,020 51,030 17,440 3,402 8,080 5,958 33,590 7,590 26,000 9,100 16,900 4,225 12,675 Sales Cost of Sales Gross Profit Expenses General & Admin Sales & Marketing Depreciation Operating Profit Interest Paid PBT Taxation Earnings after Tax Dividend Retained Earnings As at 31 Dec 20x1 20,000 23,700 43,700 As at 31 Dec 20x2 20,000 36,375 56,375 Balance Sheet Ordinary Shares Retained Earnings Total Equity 18,000 74,375 L-T Loan 12,000 55,700 Fixed Assets 46,200 57,596 Current Assets 20,200 6,615 11,392 2,193 25,579 8,460 13,987 3,132 8,800 4,753 4,047 16,779 74,375 Stock Debtors Cash 10,700 3,697 Current Liabilities Creditors Bank Overdraft 7,003 9,500 55,700 Net Current Assets Net Assets
Transcribed Image Text:Income Statement YIE 31 Dec 20x1 YIE 31 Dec 20x2 63,000 26,460 36,540 13,050 2,835 5,250 4,965 23,490 3,915 19,575 7,830 11,745 2,349 9,396 85,050 34,020 51,030 17,440 3,402 8,080 5,958 33,590 7,590 26,000 9,100 16,900 4,225 12,675 Sales Cost of Sales Gross Profit Expenses General & Admin Sales & Marketing Depreciation Operating Profit Interest Paid PBT Taxation Earnings after Tax Dividend Retained Earnings As at 31 Dec 20x1 20,000 23,700 43,700 As at 31 Dec 20x2 20,000 36,375 56,375 Balance Sheet Ordinary Shares Retained Earnings Total Equity 18,000 74,375 L-T Loan 12,000 55,700 Fixed Assets 46,200 57,596 Current Assets 20,200 6,615 11,392 2,193 25,579 8,460 13,987 3,132 8,800 4,753 4,047 16,779 74,375 Stock Debtors Cash 10,700 3,697 Current Liabilities Creditors Bank Overdraft 7,003 9,500 55,700 Net Current Assets Net Assets
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