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(2) Prepare a balance sheet in a vertical format at 31 December 2019. [3 marks] Question 5 CAB Ltd had a $11,000 loss from operations

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(2) Prepare a balance sheet in a vertical format at 31 December 2019. [3 marks] Question 5 CAB Ltd had a $11,000 loss from operations in 2018. Depreciation for the year was $5,700 and a dividend of $5,000 was paid. The balances of the working capital accounts at the beginning and the end of 2018 were as follows: Start 2018 End 2018 Cash Debtors/Accounts receivable Stock/Inventory Prepayments Accounts payable/creditors Accrued expenses 3,700 7,400 21,300 1,900 8,300 5,100 6,300 17,200 700 11,500 1,500 700 Calculate the cashflow from operations in 2018 and show the workings. [5 marks] JNB159 Financial Resource Management Page 11

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