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b. Prepare the statement of financial QUESTION TWO ended 31 December, 2020 Statement of Profit or Loss and Other Comprehensive Income for year ended GHC'000

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b. Prepare the statement of financial QUESTION TWO ended 31 December, 2020 Statement of Profit or Loss and Other Comprehensive Income for year ended GHC'000 Additional Information: i. Intangible non-current assets represent deferred development expenditure. Ambrtotioh-1n 2020 amounted to GHe 172,000 ii. Tangible non-eurrent asset additions totaling GHC 800,000 were mof Prowods com the sale of tangible non-current assets were GHC 412,000 , on which King thionild hhgered a lons iii. Investments include treasury bills of GHC 128,000 acquired Wring 2020 ying dom LAd sees of GHC 24.000 . iv. During the year Kingdom Ltd had a 1 for 4 bonus issue of lhares. fthnged by capitalising part these as cash equivalents. of the retained earnings account. In December 2020 (hetowhs a fyrther issue at full market Prepare a statement of Cash Flows for Kingdomy hsd for the yeir thded 31 December, 2020 in price. Requirod: accordance with IAS 7

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