BOOM Corporation Statements of Financial Position 31 December 2021 Property, plant and equipment Plant Less: Acc. Depreciation-plant Equipment Less: Acc. Depreciation-equipment Current assets Merchandise inventory Accounts receivable, net Cash and cash equivalents Equity Share capital, ordinary at $1 par Share premium, ordinary Share premium, treasury Retained earnings Less: Treasury shares Total equity Non-current liabilities 8% bonds payable Current liabilities Accounts payable Accrued liabilities Income taxes payable Dividends payable Total liabilities Total equity and liabilities 2021 $ $ 2,750,000 965,000 1,785,000 335,000 57,000 278,000 372,000 377,000 37,000 786,000 2,849,000 900,000 450,000 8,000 950,000 240,000 253,000 53,000 18,000 147,000 2,068,000 310,000 471,000 781,000 2,849,000 2020 $ $ 2,190,000 852,000 1,338,000 210,000 28,000 182,000 324,000 360,000 16,000 700,000 2,220,000 600,000 200,000 0 704,000 0 1,504,000 400,000 316,000 716,000 2,220,000 182,000 52,000 10,000 72,000 Additional information i) Sold plant that cost $260,000 with accumulated depreciation of $167,000 for $55,000. ii) Sold equipment that cost $75,000 and a book value at the date of disposal of $66,000 for $87,000. iii) Interest on all bonds was paid on 30 June and 31 December each year. $160,000 of the 8% bonds was redeemed at face value on 31 December 2021. Issued $70,000 at face value of the 8% bonds for purchase of plant assets iv) The company issued additional ordinary shares on 1 February 2021. v) On 1 July 2021, the company bought some treasury shares at cost of $3 each share. 20,000 treasury shares were sold for $68,000 in the same month. vi) An interim dividend of 15 cents ($0.15) per share was paid on 1 August 2021 to holders of all the shares outstanding at that date. vii) There is no outstanding dividend payable related to the year ended 31 December 2020. Required: Prepared the statement of cashflows for the year ended 31 December 2021 BOOM Corporation Statements of Financial Position 31 December 2021 Property, plant and equipment Plant Less: Acc. Depreciation-plant Equipment Less: Acc. Depreciation-equipment Current assets Merchandise inventory Accounts receivable, net Cash and cash equivalents Equity Share capital, ordinary at $1 par Share premium, ordinary Share premium, treasury Retained earnings Less: Treasury shares Total equity Non-current liabilities 8% bonds payable Current liabilities Accounts payable Accrued liabilities Income taxes payable Dividends payable Total liabilities Total equity and liabilities 2021 $ $ 2,750,000 965,000 1,785,000 335,000 57,000 278,000 372,000 377,000 37,000 786,000 2,849,000 900,000 450,000 8,000 950,000 240,000 253,000 53,000 18,000 147,000 2,068,000 310,000 471,000 781,000 2,849,000 2020 $ $ 2,190,000 852,000 1,338,000 210,000 28,000 182,000 324,000 360,000 16,000 700,000 2,220,000 600,000 200,000 0 704,000 0 1,504,000 400,000 316,000 716,000 2,220,000 182,000 52,000 10,000 72,000 Additional information i) Sold plant that cost $260,000 with accumulated depreciation of $167,000 for $55,000. ii) Sold equipment that cost $75,000 and a book value at the date of disposal of $66,000 for $87,000. iii) Interest on all bonds was paid on 30 June and 31 December each year. $160,000 of the 8% bonds was redeemed at face value on 31 December 2021. Issued $70,000 at face value of the 8% bonds for purchase of plant assets iv) The company issued additional ordinary shares on 1 February 2021. v) On 1 July 2021, the company bought some treasury shares at cost of $3 each share. 20,000 treasury shares were sold for $68,000 in the same month. vi) An interim dividend of 15 cents ($0.15) per share was paid on 1 August 2021 to holders of all the shares outstanding at that date. vii) There is no outstanding dividend payable related to the year ended 31 December 2020. Required: Prepared the statement of cashflows for the year ended 31 December 2021