A The accountant of a private company has been able to get the use of a computer to produce the spreadsheets shown below but as yet the computer lacks a program to print out final accounts. The accountant nevertheless expects to use the spreadsheet data to reconstruct a summary income statement and a statement of cash flows for the year ending 30 April 2012.

Movements of Assets during the year 2011/12 ( $\mathbf{£ 0 0 0}$ )

\begin{tabular}{|c|c|c|c|c|c|c|c|}

\hline \multirow{9}{*}{\begin{tabular}{l}

Goodwill \\

Property \\

Plant and vehicles \\

Inventories \\

Accounts receivable \\

Bank and cash

\end{tabular}} & \multirow{3}{*}{\begin{tabular}{l}

Statement of \\

financial position \\

value last year \\

-

\end{tabular}} & \multicolumn{2}{|c|}{ Depreciatior } & & \multirow{2}{*}{\begin{tabular}{l}

Statement of \\

financial position

\end{tabular}} \\

\hline & & \multicolumn{2}{|c|}{\begin{tabular}{l}

or amortisation \\

for year

\end{tabular}} & \begin{tabular}{l}

Additions \\

during year

\end{tabular} & \begin{tabular}{l}

Sales \\

during \\

year

\end{tabular} & \begin{tabular}{l}

Other \\

changes

\end{tabular} & \\

\hline & & \multicolumn{2}{|c|}{-} & 40 & year & - & \begin{tabular}{l}

value this year \\

40

\end{tabular} \\

\hline & 760 & \multicolumn{2}{|c|}{ (36) } & - & - & _ & 724 \\

\hline & 540 & \multicolumn{2}{|c|}{ (84) } & 420 & (60) & - & 816 \\

\hline & 230 & \multirow{2}{*}{\multicolumn{2}{|c|}{-}} & - & - & 24 & 254 \\

\hline & 254 & & & - & - & 76 & 330 \\

\hline & & \multirow{2}{*}{\multicolumn{2}{|c|}{$\overline{(\overline{120})}$}} & & & 14 & \\

\hline & $\underline{1,834}$ & & & 460 & (60) & 114 & $\underline{2,228}$ \\

\hline \multicolumn{8}{|c|}{ Movement of Liabilities and Reserves during the year 2011/12 ( $£ 000$ ) } \\

\hline & \begin{tabular}{l}

Statement of \\

financial position \\

value last year

\end{tabular} & \begin{tabular}{l}

New \\

capital \\

issued

\end{tabular} & \begin{tabular}{l}

Payment \\

during \\

year

\end{tabular} & \begin{tabular}{l}

Transfer \\

reserves \\

forprovi

\end{tabular} & \begin{tabular}{l}

rs to \\

s and \\

isions

\end{tabular} & \begin{tabular}{l}

Other \\

changes

\end{tabular} & \begin{tabular}{l}

Statement of \\

financial position \\

value this year

\end{tabular} \\

\hline \multicolumn{8}{|l|}{\begin{tabular}{l}

Ordinary \\

shares (f

\end{tabular}} \\

\hline \multicolumn{8}{|l|}{\begin{tabular}{l}

shares $( \pm$ \\

Deferred

\end{tabular}} \\

\hline taxation & 36 & - & - & 176 & & - & 212 \\

\hline General reserve & 15 & - & - & $32 \quad$ & & - & 18 \\

\hline Accounts payable & 136 & - & - & - & & 24 & 160 \\

\hline \multirow{3}{*}{\begin{tabular}{l}

Provision for \\

corporation tax

\end{tabular}} & & & & & & & \\

\hline & $\underline{450}$ & & $(450)$ & 172 & & & 172 \\

\hline & $\underline{\underline{1,834}}$ & $\underline{\underline{440}}$ & $(\underline{\underline{450}})$ & $\underline{\underline{380}}$ & & $\underline{\underline{2}}$ & $\underline{\underline{2,228}}$ \\

\hline

\end{tabular}

Notes:

(i) Proceeds of $£ 40,000$ were received from the sale of plant and vehicles.

(ii) During the year the company redeemed 10,000 of its $£ 1$ ordinary shares for $£ 125,000$ wholly out of distributable profits and this transaction has not been included in the spreadsheets.

Required:

(a) Reconstruct the income statement for the year ending 30 April 2012.

(b) Prepare a statement of cash flows for the year ending 30 April 2012.