Self-test You are presented with the following balance sheet for Maxwell & Co. Ltd. You are required to prepare the cash flow statement for the year.

Balance sheet as at 31 December 2009 2008 2009 Fixed assets 115,475 137,825 Provision for depreciation 11,175 12,665 104,300 125,160 Current assets Stock 23,095 43,955 Debtors 29,055 25,330 Bank 11,175 63,325 69,285 Current liabilities Creditors 14,900 16,390 Overdraft 6,705 14,900 48,425 23,095 46,190 152,725 171,350 Share capital 100,575 55,875 Profit and loss account 52,150 115,475 152,725 171,350