Flow Sert Draw View Help Open in Desktop App Tell me what Light 20 V B I U AA *** W QUESTION 5 The following information is related to Hatta Bhd for the year ended 31 December 2018 and 2019. Revenue Hatta Bhd Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2019 RM 2,500,000 Cost of goods sold Gross profit Other revenues 1.552.000 948,000 Expenses Gain on sale of motor vehicle Wages and salaries Administrative expenses 4.500 952,500 250,000 398,200 Rent expenses 32,000 Depreciation 116,100 Interest expenses 10,000 806.300 Net profit before tax 146,200 Taxation 85.500 Net profit after tax 60.700 low ert Draw View Light 20 CONFIDENTIAL Help Open in Desktop App Tell me wh BIU I U AV ACIJULY 2020/FAR210 Hatta Bhd Statement of Financial Position as at 31 December Non-current assets 2018 RM'000 2019 RM'000 Land Motor vehicle Machinery 1,250,000 1,359,000 420,800 482,500 285,400 341,400 Current assets Inventories Accounts receivable Bank TOTAL ASSETS Ordinary shares 272,000 269,800 292,000 312,000 388.500 423,600 2.308.700 3.168.300 Shareholders' Equity 1,650,000 2,025,000 Retained pronts 208,980 230,000 Assets revaluation reserve 109,000 Non-current Babilities 5% Redeemable preference shares 450,000 225,000 10% Debentures 100,000 Current Mablities Accounts payable 585,500 472,500 Tax payable 10,500 Accrued wages and salaries 6,320 Accrued administrative expenses Total equity and ability 7.900 2.300.700 5,800 10.500 3.100.300 Additional Information: . Land was revalued by PM 109, 000. 2 3 Deprecation charged for the year for motor vehicles and machinery were RM78,600 and RM37,500 respectively A motor vehicle with carrying value of PM20,720 was sold during the year for PM33.220 Cash Flow Insert Draw View Help Open in Desktop App libri Light 20 B I U A A Retained profits Assets revaluation reserve Non-current abilities 5% Redeemable preference shares 10% Debentures Current Babilities Accounts payable Tax payable Accrued wages and salaries Accrued administrative expenses Total equity and liability Tell me what you 208,980 230,000 109,000 450,000 225,000 100,000 585,500 472,500 10,500 6,320 5,800 7.900 10.500 2.908.700 3.100.300 Additional Information: 1 2 3 4 Land was revalued by RM109, 000 Depreciation charged for the year for motor vehicles and machinery were RM78,600 and RM37,500 respectively. A motor vehicle with carrying value of RM28,720 was sold during the year for RM33,220. Dividend paid for the year ended 31 December 2019 was RM39,680. Required: a Prepare a Statement of Cash Flows for the year ended 31 December 2019 for Hatta Bhd using DIRECT METHOD. D. Discuss TWO (2) Imitations in cash flow reporting. END OF QUESTION PAPER (16 marks) (4 marks) (Total: 20 marks) acer