A2 The following draft financial position statement (with comparatives for the previous year) are avaise for Whey ple for the year ended 31 July 2020. Statement of financial position 31 July 2020 2020 2019 6000 000 Property, Plant and Equipment at cost 490 450 Less Accumulated depreciation 370 120 330 120 Investments al cost 19 4 139 164 Current assets Inventories 209 176 Trade receivables 231 106 Less: Allowance for doubtful debts 26 205 4 102 Prepayments 13 12 Cash on 7-day depot Cash at bank in hand Total assets 50 59 507 399 646 563 2020 2019 000 2000 000 000 230 100 20 20 30 158 213 438 413 Equity Ordinary share capital Preference share capital Share premium Retained in Liabilities Non-current b 14% debenture stock 12% debenture stock Current 14% debenture stock Trade payables Accruals Amount owing re non-cument assets Taxation Bank overdrat Equity plus ab Best1-2020/21 40 20 40 9 40 178 110 646 563 Pa C38FR 4 The following additional information for the year ended 31 July 2020 is available 1. The profit before tax for the year to 31 July 2020 was 54,000 2. Equipment which had cost 30,000 during the year to 31 July 2017 was sold in February 2020 for 10,000. The company depreciates equipment at 20% per annum on cost with a full charge in the year of acquisition and none in the year of disposal (some of the equipment was over 5 years old on 31 July 2020 3. Non-current asset investments which had cost 25,000 some years previously were sold during the 4. Dividends received during the year were E5,000. Dividends totaling 100.000 were paid during reissued many years ago and are due to be redeemed 5. The 14% debentures 6. on 1 January 2021. A tesh issue of 12% debentures was made on 31 July 2020 Interest paid during the year including debenture interest) was 8,000. Al interest was paid on the due date and interest was accrued at either the start or the end of the year. No interest was received during the year. 7. Taxation shown as a lability on 31 July 2019 was paid during the year to 31 July 2020 at the amount stated 8. In January 2020, the company issued 50.000 1 ordinary hasta premium of 60p per share 9. The cash on 7-day deposit ranks as cash equi Required: Prepare a statement of cash flows for Wiley plc for the year ended 31 July 2020 in accordance with IAS7 Statement of Cash Flows using the indirect method. Additional notes are not required ionom VAT. Show all your workings Question A2 The following draft financial position statement (with comparatives for the previous year) are avaise for Whey ple for the year ended 31 July 2020. Statement of financial position 31 July 2020 2020 2019 6000 000 Property, Plant and Equipment at cost 490 450 Less Accumulated depreciation 370 120 330 120 Investments al cost 19 4 139 164 Current assets Inventories 209 176 Trade receivables 231 106 Less: Allowance for doubtful debts 26 205 4 102 Prepayments 13 12 Cash on 7-day depot Cash at bank in hand Total assets 50 59 507 399 646 563 2020 2019 000 2000 000 000 230 100 20 20 30 158 213 438 413 Equity Ordinary share capital Preference share capital Share premium Retained in Liabilities Non-current b 14% debenture stock 12% debenture stock Current 14% debenture stock Trade payables Accruals Amount owing re non-cument assets Taxation Bank overdrat Equity plus ab Best1-2020/21 40 20 40 9 40 178 110 646 563 Pa C38FR 4 The following additional information for the year ended 31 July 2020 is available 1. The profit before tax for the year to 31 July 2020 was 54,000 2. Equipment which had cost 30,000 during the year to 31 July 2017 was sold in February 2020 for 10,000. The company depreciates equipment at 20% per annum on cost with a full charge in the year of acquisition and none in the year of disposal (some of the equipment was over 5 years old on 31 July 2020 3. Non-current asset investments which had cost 25,000 some years previously were sold during the 4. Dividends received during the year were E5,000. Dividends totaling 100.000 were paid during reissued many years ago and are due to be redeemed 5. The 14% debentures 6. on 1 January 2021. A tesh issue of 12% debentures was made on 31 July 2020 Interest paid during the year including debenture interest) was 8,000. Al interest was paid on the due date and interest was accrued at either the start or the end of the year. No interest was received during the year. 7. Taxation shown as a lability on 31 July 2019 was paid during the year to 31 July 2020 at the amount stated 8. In January 2020, the company issued 50.000 1 ordinary hasta premium of 60p per share 9. The cash on 7-day deposit ranks as cash equi Required: Prepare a statement of cash flows for Wiley plc for the year ended 31 July 2020 in accordance with IAS7 Statement of Cash Flows using the indirect method. Additional notes are not required ionom VAT. Show all your workings