DWAYNE PIPE PLUMBING CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 Direct method Cash Flows from operating Activitie:s Receipts from customers Payments to suppliers & employees Cash generated by operations Interest paid Income tax paid Cash Flows from Investing Activities Interest received Payment for Plant & Equipment Cash Flows from Financing Activities Drawings Net increase/decrease in cash held Cash at the beginning of the year Cash at the end of the year ou are provided with the following financial information for Dwayne Pipe Plumbine DWAYNE PIPE PLUMBING INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2018 DWAYNE PIPE PLUMBING COMPARATIVE BALANCE SHEETS AS AT 30 JUNE Net Sales Cost of Salrs Gross Profit: Other Revenue Discount Received Interest Revenue 5107 000 45 200 61 800 2019 2018 Current Assets Cash on Hand Cash at Bank Accaunts Receivable Inet Inventory Prepaid Expenses Non-Current Assets Plant & Equipment LessiAccum, Depreciation Total Assets $1 200 $280 $4 000 1009 4 500 18 000 650 10 320 62 120 5 200 28 000 650 Expenses Sellng & Admin Expense Doubtful Debts Expense Depreciation Expense Interest Expense Profit beforc tax Income Tax Expense Profit 16 500 354 5 400 3 800 36 050 $28 159 83 500 64 000 26 054 36 006 3 378 1230002 60500 96 SS0 !1760 46 400 74 S59 Current Liablities Bank Overdraft Accounts Payable Expenses Payable Tax Payable Non-Current Liobiites Bank Loan Total Liabilitles Net Assets 6 402 4 000 780 890 2 800 ANSWER THIS QUESTION ON THE PRO FORMA PROVIDED 12 072 1200 4790 REQUIRED: 20 000 32 072 $64 478 20 000 24 790 $49 769 a Prepare a Statement of Cash Flows in the pro forma provided on the following page. You must show all can (a answer without supporting calculations will recelve zero marks] (15 marks) Equity Capital R.Pias G4 478 49 769 $64 478 $49769