Blue waley Enterprise is a store that sells miniature aero kits. You have been provided with the following profit & loss statement and the comparative statement of financial position to use in preparing a statement of cash flows for the year ended 30 November 2020. 238,000 Blue waley Enterprise Profit & Loss Statement for the year ended 30 November 2020 Sales 240,000 Sales Return (2,000) Less: Cost of Goods Sold Inventory as at 1 December 2019 19,000 Purchases 131,000 Inventory as at 30 November 2020 (26,000) Gross Profit Add: Other Income Interest received 1,700 Discount received 400 124,000 114,000 2,100 116,100 Less: Expenses Wages Rent Depreciation on delivery vehicle Insurance Interest on loan Discount allowed Other expense Net profit 63,800 24,000 5,000 11,500 1,400 700 3,500 109,900 6,200 Blue waley Enterprise Comparative Statement of financial position as at 30 November 2019 2020 Non-Current Assets Office Equipment 115,000 90,000 Delivery Vehicle at cost 85,000 85,000 Less : Accumulated depreciation - vehicle (55,000) (60,000) Shares in Petronas Berhad 17,000 27,000 162,000 142.000 Current Assets Cash at Bank 0 1,800 Inventory 19,000 26,000 Accounts receivable 6,600 13,900 Prepaid insurance 1,300 4.800 26,900 46,500 Less: Current Liabilities Bank Overdraft 6,000 0 Accounts payable 24,000 22.600 Accrued wages 850 150 30,850 22,750 Less: Non-Current Liabilities Loan 105,000 100.000 NET ASSETS 53.050 65.750 Owner's Family Capital 45,450 53.050 Additional Capital 0 10,000 Net Profit 11,100 6.200 Withdrawals (3,500) (3,500) Total Owner's Equity 53.050 65.750 Additional Information: i. All acquisition and sales of non-current assets were for cash ii. RM25,000 was received in cash for the office equipment sold iii. All withdrawals were cash withdrawals REQUIRED: Prepare a Statement of Cash Flow (using the direct method) for the year ended 30 November 2020. Show all workings for receipts from customers, payment to suppliers, payment of wages and payment of insurance Blue waley Enterprise is a store that sells miniature aero kits. You have been provided with the following profit & loss statement and the comparative statement of financial position to use in preparing a statement of cash flows for the year ended 30 November 2020. 238,000 Blue waley Enterprise Profit & Loss Statement for the year ended 30 November 2020 Sales 240,000 Sales Return (2,000) Less: Cost of Goods Sold Inventory as at 1 December 2019 19,000 Purchases 131,000 Inventory as at 30 November 2020 (26,000) Gross Profit Add: Other Income Interest received 1,700 Discount received 400 124,000 114,000 2,100 116,100 Less: Expenses Wages Rent Depreciation on delivery vehicle Insurance Interest on loan Discount allowed Other expense Net profit 63,800 24,000 5,000 11,500 1,400 700 3,500 109,900 6,200 Blue waley Enterprise Comparative Statement of financial position as at 30 November 2019 2020 Non-Current Assets Office Equipment 115,000 90,000 Delivery Vehicle at cost 85,000 85,000 Less : Accumulated depreciation - vehicle (55,000) (60,000) Shares in Petronas Berhad 17,000 27,000 162,000 142.000 Current Assets Cash at Bank 0 1,800 Inventory 19,000 26,000 Accounts receivable 6,600 13,900 Prepaid insurance 1,300 4.800 26,900 46,500 Less: Current Liabilities Bank Overdraft 6,000 0 Accounts payable 24,000 22.600 Accrued wages 850 150 30,850 22,750 Less: Non-Current Liabilities Loan 105,000 100.000 NET ASSETS 53.050 65.750 Owner's Family Capital 45,450 53.050 Additional Capital 0 10,000 Net Profit 11,100 6.200 Withdrawals (3,500) (3,500) Total Owner's Equity 53.050 65.750 Additional Information: i. All acquisition and sales of non-current assets were for cash ii. RM25,000 was received in cash for the office equipment sold iii. All withdrawals were cash withdrawals REQUIRED: Prepare a Statement of Cash Flow (using the direct method) for the year ended 30 November 2020. Show all workings for receipts from customers, payment to suppliers, payment of wages and payment of insurance