GUTTE Ollowing are the balance sheet and Income statement for Al - Noor company If you have the following information - about the company: -:- (17M) (1 The company bought a land in 2017 after taking 80000 $ a Long term loan. (2 The company distributed dividends on shares. Required: - Prepare the statement of Cash Flow by ?using (direct method) + The Balance sheet for 2016-2017 Liabilities & Equity 2016 Assets 2017 2016 2017 Equity share capital Retained earning Creditors Accrued expenses Accounts payable Long-term loan 500000 150000 100000 30000 70000 500000 230000 65000 35000 90000 80000 80000 (35000) 5000 20000 80000 Lands Machin Cash in hand Debtors Inventory 300000 150000 180000 140000 80000 380000 180000 220000 130000 90000 80000 30000 40000 (10000) 10000 850000 1000000 Total Assets Total Equity & Liabilities 850000 1000000 The Income Statement for 2017|| Element 2017 Net Sales 1000000 Cost of goods sold (600000 Gross Profit 400000 Office expenses (100000) Selling expenses (150000) Net Profit 150000