EXERCISE 10.5 ASSETS NON-CURRENT ASSETS Land, at cost Plant Vehicles Cost Less: Accumulated depreciation Investments CURRENT ASSETS Inventory Accounts receivable Cost Less: Accumulated depreciation CAPITAL AND LIABILITIES CAPITAL Capital J. Bond NON-CURRENT LIABILITIES CURRENT LIABILITIES Accounts payable Bank overdraft NOTES TO THE FINANCIAL STATEMENT: 1. DOUBLE-O WHOLESALERS STATEMENT OF FINANCIAL POSITION AT 30 SEPTEMBER 2021 2. 1. Capital NOTES: Balance 1 October Profit for the year Drawings 2021 R 11 500 000 5 500 000 2 000 000 2 700 000 700 000 1 500 000 2 400 000 900 000 2 500 000 1 600 000 1 200 000 400 000 R13 100 000 11 400 000 800 000 900 000 600 000 300 000 R13 100 000 2021 5 400 000 8 500 000 13 900 000 2 500 000 11 400 000 2020 R 6 000 000 3 000 000 1 200 000 1 800 000 600 000 REQUIRED: Prepare the Statement of Cash Flows for the year ended 30 September 2021. 300 000 1 200 000 900 000 1 500 000 1 100 000 900 000 200 000 R7 100 000 5 400 000 1 000 000 700 000 500 000 200 000 R7 100 000 2020 4 000 000 3 900 000 7 900 000 2 500 000 5 400 000 During the year plant with a carrying amount of R400 000 and accumulated depreciation of R200 000 thereon was sold at a profit of R100 000. No other plant was sold during the year. A vehicle costing R700 000 with accumulated depreciation of R500 000 was sold at a loss of R50 000. There were no other vehicle sales. Page 1