$ 000 15.500 Statement of Comprehensive Income for the year ended 31 December 20X1 (Extract) $'000 Sales Less: Cost of sales Beginning stock 3.220 Purchase 8,625 Ending stock 13.004 Gross profit Less: Operating expenses Profit before tax Less : Taxation Profit for the year 8.842 8,658 4250 2,406 420 1.74.4 Statement of Changes in Equity for year ended 31 December 20X1 (Extract) $ 000 Retained earnings as at 1 January 20x1 1.492 Add: Profil for the year 1.788 Less : Dividend paid 400 Retained eamings as at 31 December 20x1 2.480 Statement of Financial Position as at 31 December 20X1 Fixed assets $'000 Plant and equipment at cost 11,170 Less : Accumulated Depreciation 7.265 Current ossats Stock 3,004 Debtors 5.001 Prepayments 1.000 20x0 $'000 8,650 2.890 5,760 3.905 3,220 Bank 3.544 11.660 9.005 Loss: Curent liabilities Creditors Accued experses Bank overdraft Provision for Taxation 1,854 1.000 2.072 3.000 116 620 3.590 5415 12,680 854 5928 5.762 Net current assets Total assets 11.492 Financed by Issued share capital Retained eamings 10,000 2.480 12.6BQ 10.000 1,492 11.492 Additional Information: The profit before tax of $2,408.000 is calculated after charging depreciation at $1,015.000 Prepare the section on Cash flows from Operating Activities using the Direct Method. Wayne Enterprises Ltd Statement of cash flows for the year ended 31 December 20X1 (Extract) $'000 $'000 Cash flows from Operating Activities Cash collected from customers 15.395 Cash paid to suppliers 8,844 Cash pald for other expenses 3 Cash gcncralod from operations Tax paid Net cash used in operating activities 316 1854 (540) Workings Debtors Dr $'000) Cr ($'000) Bal bid Sales Cash at bank 15,500 Bal ($'000) 4,898 20,396 5.001 15,395 Crectors Balbid Purchases Cash at bank Dr SCCC) Cr ($'000 Bal 1:3000 2.072 8,626 10.698 8,844 1.854 Accrued Exoenses DCC) Cr ($ 000 Bal 3'0001 Bal bid Ignore the extra blanks