could you please help

Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021.

Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021 but assume Lucy Ltd uses the direct method for reporting cash flows from operating activities.

Review the two SCFs, and state three significant concerns of Lucy Ltd. Explain your concerns.

please use the template provided

please answer all the questions

Thanks!

Question 1 The following information has been extracted from the financial records of Lucy Ltd: + As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 $1 500 6 345 320 7 000 20 Dr 55 025 16 000 900 7 492 10 150 200 3 000 15 000 26 818 31 March 2020 $275 5 600 290 7 240 81 Cr 50 000 13 500 200 5 396 15 70 30 9 000 34 533 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities. 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021. Cash flows from operating activities: Non-cash items: Deferrals/Accruals: Items included in the determination of PBT classified as investing/financing activities: Items included in the determination of PBT classified separately as operating activities: Cash generated from operations $ S Net cash (used/from operating activities Cash flows from investing activities: Net cash from used in) investing activities S Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 continued: Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 The following information has been extracted from the financial records of Lucy Ltd: + As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 $1 500 6 345 320 7 000 20 Dr 55 025 16 000 900 7 492 10 150 200 3 000 15 000 26 818 31 March 2020 $275 5 600 290 7 240 81 Cr 50 000 13 500 200 5 396 15 70 30 9 000 34 533 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities. 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 Cash flows from operating activities $ Cash generated from operations $ $ Net cash (used in)/from operating activities Cash flows from investing activities: Net cash from (used in) investing activities Cash flows from financing activities: $ Net cash from (used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 (iii) Reconciliation of profit after tax to net cash flow (used iny/from operating activities Profit/(loss) after tax Non-cash items: Deferrals/Accruals: Reverse items of income/expense classified as CFIA/CFFA: Net cash flows (used in)/from operating activities S Question 1 (iv) Review the SCF's and state three significant concerns. Briefly explain your concerns: 1. Why is this a concern? 2. Why is this a concern? 3. Why is this a concern? Question 1 The following information has been extracted from the financial records of Lucy Ltd: + As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 $1 500 6 345 320 7 000 20 Dr 55 025 16 000 900 7 492 10 150 200 3 000 15 000 26 818 31 March 2020 $275 5 600 290 7 240 81 Cr 50 000 13 500 200 5 396 15 70 30 9 000 34 533 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities. 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021. Cash flows from operating activities: Non-cash items: Deferrals/Accruals: Items included in the determination of PBT classified as investing/financing activities: Items included in the determination of PBT classified separately as operating activities: Cash generated from operations $ S Net cash (used/from operating activities Cash flows from investing activities: Net cash from used in) investing activities S Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 continued: Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 The following information has been extracted from the financial records of Lucy Ltd: + As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 $1 500 6 345 320 7 000 20 Dr 55 025 16 000 900 7 492 10 150 200 3 000 15 000 26 818 31 March 2020 $275 5 600 290 7 240 81 Cr 50 000 13 500 200 5 396 15 70 30 9 000 34 533 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities. 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 Cash flows from operating activities $ Cash generated from operations $ $ Net cash (used in)/from operating activities Cash flows from investing activities: Net cash from (used in) investing activities Cash flows from financing activities: $ Net cash from (used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 (iii) Reconciliation of profit after tax to net cash flow (used iny/from operating activities Profit/(loss) after tax Non-cash items: Deferrals/Accruals: Reverse items of income/expense classified as CFIA/CFFA: Net cash flows (used in)/from operating activities S Question 1 (iv) Review the SCF's and state three significant concerns. Briefly explain your concerns: 1. Why is this a concern? 2. Why is this a concern? 3. Why is this a concern