[100 MARKS] Answer all questions in this paper. QUESTION 1 (20 Marks) INFORMATION The following information was extracled from the accounting records of Mobfcre Limited on 31 December 2021, the end of the financial year: MOBIFONE LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 R (21 (21 REQUIRED Use the information provided below to answer the following cuestions 1.1 Provide a possible reason why the amount for interest expense in the Statement of Comprehensive Income is zero. 12 Calculate the depreciador for the year ended 31 December 2021, Cakulale The amount tal would a pear in the cast low salernier for the year ended 31 December 2021 for Profit before working capital changes". 14 Suggest FOUR (4) control measures that you would put in place to reduce the chances of embezzlement of cash by the employees. 1.5 What wil be the impact on the value of inwentory in the Statement of Financial Position and the cast of goods sold in the Statement of Comprehensive Income the last-n-first-out LIFO) method rather than the first-in-trai-cut FIFO) method is used during periods of 1 700 000 1 500 000 121 ASSETS Non-current assels Fixed Targible assets low Investments Current assets Invenlarcs Accounts receivable (41 200 000 5300 000 34000 3400000 1 600 000 32 300 000 rllalion? 141 Total assets 7 000 000 16 Explain THREE (3) implications of a high sarings retention ratio to the shareholders of Mobifone Limited 181 EQUITY AND LIABILITIES Equity Share capital Retained eemings ... Non-current lisbilities hoon Lean: KLM Bank (15%) Current liabilities 3 200 000 2 390 000 900 000 1 600 000 A 1 600 000 2200 2 200 000 2 200 000 7 000 000 Accounts payable Total equity and liabilities