1 The statement of comprehensive income and the statement of financial position disclosed relates to Jeffrey Ghana Limited. Jeffrey Ghana Limited Statement of Financial Position as at December 31, 2021 2020 2021 GHC GHC GHC GHC 300,000 380,000 Less Accumulated depreciation (60,000) 240,000 (45,000) 335,000 Non-current assets (cost) Investment 120,000 70,000 Current assets Inventory 96,000 100,000 Receivables Bank 150,000 127,000 164,000 146,000 410,000 373,000 Total assets 770,000 778,000 Financed by: Stared capital 300,000 320,000 Income surplus 146,000 166,000 446,000 486,000 Non-current liability 10% Debenture 150,000 100,000 Current liabilities Payables 137,500 152,000 Taxation 36,500 40,000 174,000 192,000 770,000 778,000 Total equity and liabilities Ferdinand Ghana Limited Statement of Comprehensive Income for the year ended December 31, 2021 GHC Sales GHC 6,112,088 Opening Inventory 645,000 Purchases 6,150,250 6,795,250 Closing inventory (1,650,000) 5,145,250 Gross profit 966,838 Operating expenses Admin expenses (476,805) Distributive expenses (343,033) Depreciation (10,000) (829,838) NPIT/EBIT 137,000 Interest (10,000) PBT 127,000 Tax PAT (40,000) 87,000 Additional information A non-current assets costing GHC60,000 with a written down. value of GHC35,000 had sold for GHC41,000. Investment costing GHC50,000 was sold for GHC45,000. Required: Prepare the Statement of Cash-flow for Jeffrey Limited for the year ended December 31, 2021 marks) (20