09:27 Question (30) Golden Square Retirement Home - Trail Balance at 31 December 2006 Dr 1.000 2005 Dr Cr Cr 500 75,000 Bank Balance Capital - 1 January 75,000 1,000 500 Accounts Payable 2.000 Accounts Receivable 2,500 Distributions 10,000 11,000 14.000 14,500 Fumiture at cost, less Accumulated depreciation 120,000 Land & Buildings at cost 100,000 60,000 40.000 Long-term Loans 11,000 12,000 Profit for the period The profits were arrived at as follows: Dr Cr 20,000 12.000 Dr Cr Rent Income 22,000 Depreciation of 1,500 Furniture Administration Exp 8,500 (10,000) Profit for the 12.000 period No non-current assets were sold 7.000 (9.000) 11,000 REQUIRED: Prepare a statement of Cash flows for the year ended 31 December 2006, using the direct methods III o