Financial Accounting 2B Q1

Question 1 (40 Marks The following is an extract from the financial statements of Thandeka (Pty) Ltd for the year ended 31 December 2021. Thandeka (Pty) Ltd Statement of Financial Position as at 31 December 2021. Additional Information: - Operating profit was arrived at after allowing for the following: - During the year, equipment with a carrying value of R42750 (Cost, R48 750) was sold for R45 000, and replaced at a cost of R41 250. All other assets (Land and buildings, R51 000 , Plant and equipment, R150 000) were acquired for expansion purposes. - Cash and cash equivalents on 31 December 2021 comprised cash in the bank of R3000, cash float of R900 and petty cash of R1350. Cash and cash equivalents on 31 December 2020 comprised cash in the bank of R7800 and petty cash of R1950. Required: Prepare Cashflow Statement for the year ended 31 December 2020 using the direct method