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2022 Cash and cash equivalents 38 750 Accounts receivable Inventories 660 000 Current assets 853 750 Net fixed assets 1 552 500 1747 500 Total
2022 Cash and cash equivalents 38 750 Accounts receivable Inventories 660 000 Current assets 853 750 Net fixed assets 1 552 500 1747 500 Total 3.300 000 Liabilities and Equity Accounts payable Accruals 783 750 392 500 Bank borrowings 293 750 Current liabilities 1 470 000 Ordinary shares 125 000 1.705 000 Retained earnings Total 3 300 000 Note: Depreciation was M236 250 for 2022 and no dividends were paid Required: (a) Prepare a source and use of funds statement on a cash basis (b). Prepare the statement of cash flow using indirect method. (92) A company impass Assets 2021 M 175 000 432 500 540 000 1 147 500 1 391 250 2.538 750 516 250 282 500 125 000 923 750 125 000 1490 000 2.538 750 (10mar (24man
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