CASHFLOW STATEMENT The following financial information was obtained from the books of Boris Johnson ple for the year 2021 2021 Non Current A 2020 Ca Mark Tatal As 20.300 23030 a Cont Total Equity and Li $1.000 11000 Condensed Income Statement for 2021 PBIT Less Interest 550.000 20.000 530,000 Less Tax 40,000 PAT 90,000 Less Dividends 35,000 Less Transder to Gen Reserves 40.000 Retained Profit for the Year 415.000 Retained Earnings ed 122.500 537.500 15000 1500 Retained Earnings hid Endnotes: During the year non-current assets costing $140,000 with a book value of $120,000 was sold at a loss of $20,000 Required Prepare the cash flow statement for the year 2021 Comment on the company's liquidity and profitability for the year COMPANY ACCOUNTS The following balances were obtained from the books of The Park Plaza plc for the year ending December 31, 2015 DETAILS Goodwill DR CR 240,000 5% Mortgage 400,000 Mortgage Interest 12,000 Ordinary Share Capital $0.25 400,000 5% Preference Share Capital $0.50 400,000 Share Premium 50.000 Sales Turnover 1.600,000 Debtors 91,000 Bank 59.100 Fixtures and Fittings 550,000 Provision for Depreciation on Fixtures and Fittings 85,000 Cash 60,000 Rent Received 55.000 Commission Received 30,000 Telephone Charges 40,000 Management Fees 80,000 Wages and Salaries 160,000 Insurance 30,000 Premises $40,000 Motor Vehicle 540,000 Provision for Depreciation on Motor Vehicle 86,000 Creditors 55.000 Interim Ordinary Shares Dividend 6.500 Interim Preference Shares Dividends 5,000 Cost of Sales 915,000 Closing Stock 10% Debenture Debenture Interest 210,600 450.000 20,000 Kieneral Reserves 80,000 Retained Earnings 50,000 3800100 3800100 End Notes a. Insurance is prepaid by 5,000. The wages is owing by 25,000 b. The goodwill should be written down by 40% c. Provide for depreciation on motor vehicle at 5% on the straight line; fixtures and fittings at 10% on the reducing halance Creditors 33.000 Interim Ordinary Shares Dividend 6500 Interim Preference Shares Dividend 5,000 Cest of Sales Closing Stock 2100 10% Debenture Debenture Interest General Reserves Retained Famings 250,000 20,000 0000 50,000 End Notes. a. Insurance is prepaid by 5,000. The wages is owing by 25,000 b. The goodwill should be written down by 40% c. Provide for depreciation on motor vehicle at 5% on the straight line; fixtures and fittings at 10% on the reducing balance d. The following items of expense should be apportioned AdminSell & Di Insurance sen 50% Wages & Salaries 55% Management Fees son Telephone 60% Directors Fees 308 70% Depreciation Charge 40% e. Transfer $45,000 from profits to the general reserves f. Corporation tax is estimated at $36,000 g. Prior to the end of the year the directors approved the following 1 final ordinary shares dividends of $0.20c per share the remainder of the preference share dividends. 3. New issue of 100,000 ordinary shares for $40,000 Required Prepare the following Statement of Profit and Loss, Statement of Change in Owners' Equity Statement of Financial Position for the year. Show appropriate workings and disclosures