Cash Flow Q4

Question 4 The financial statements of Pula Ltd are given below: Income statement for the year ended 31 December 2017 SalesCostofsalesGrossprofitDistributionexpensesAdministrationexpensesProfitbeforetaxTaxationProfitfortheyearProposeddividendRetainedprofit55000(15000)40000(4(7220)28560(7280)21280(11340)9940 \begin{tabular}{|l|r|r|} \hline Statement of financial position as at & 2017 & 2016 \\ \hline Assets: & & \\ Non-current assets( net book value) & 18410 & 13020 \\ \hline Current assets: & & \\ Inventory & 21000 & 7000 \\ Receivables & 37380 & 12040 \\ Prepayments & 560 & 420 \\ Cash and bank & 22680 & \\ \hline Total assets & 100030 & 32480 \\ \hline Equity and liabilities & & \\ Equity & & 8400 \\ Share capital & 14140 & 8400 \\ Retained earnings & & 4200 \\ \hline Non-current liabilities & 1050 & 840 \\ Loan & & \\ \hline Current liabilities & & 840 \\ Bank overdraft & 24680 & 8400 \\ Accounts payables & 7280 & 1120 \\ Accruals & 8400 & 4200 \\ Tax payable & 100030 & 32480 \\ \hline Dividend payable & & \\ \hline Total equity & & \\ \hline \end{tabular} Additional information Depreciation expense for the year ended 31/12/20175 was P7 000. During the year ended 31/12/17, non-current assets which had cost P7700 and with accumulated depreciation of P5320 was sold for P1400. Prepare a statement of cash flow for Pula Ltd for the year ended 31/12/17