H.W. Exmpt3 Set out beow are the financial statements of Amal company. You are the financial Statmnt of Cosh Tl controller, faced with the task of implementing LKAS7 Statement of Cash Flow. Amal Company Statement of profit or loss for the year ended 31- December 20X2 Revenue Rs ,000 Cost of Sales 2.553 (1,814) Gross Profit Distribution Costs 739 (125) Administrative Expenditures (264) 350 Interest received Interest paid 25 (75) 300 Profit before Tax Taxation (140) Profit for the year 160 Amal Company Statement of profit or loss for the year ended 31 December 20X2 20X2 20X1 Rs ,000 Rs ,000 Assets Non-current assets Property, plant and equipment Intangible assets 305 380 250 200 25 Investment Current Assets 102 150 Inventory Trade receivables Short term investments 390 315 50 Cash in Hand 12 |Page 20xa Statent of C Tos Total Assets 1.222 923 Equity and Liabilities Eqwity Stated capital 360 00 Revaluation reserve 100 91 Retained earnings Non-current Liabilities 260 180 Loan 170 50 Current Liabilities Trade payables Bank overdraft Taxation 127 119 85 96 120 110 Total Equity and Liabilities 1,222 948 The following information is available. The proceeds of the sale of non -current assets investments amounted to Rs. 30.000 a) A) Fixtures and fittings, with an original cost of Rs. 85,000 and a carrying amount Rs. 45,000, were sold for Rs. 32,000 during the year. O The following information relates to property, plant and equipment PPA 31.12.20X2 31.12.20X1 Rs ,000 720 Rs ,000 Cost Accumulated depreciation Carrying amount 595 340 290 380 305 VA) 50,000 ordinary shares were issued during the year at Rs. 1.20 per share. e) Dividends totaling Rs. 80,000 were paid during the year Finseu Fininel-3 Required Prepare the net cash flows from operating activities for the year to 31 December 20X2, using the format laid out in LKAS 7. I. Prepare the net cash flows from investing activities for the year to 31 December 20X2, using the format laid out in LKAS 7. 13Page Fa Statement of Cash Floes II. Identify which one of the following options gives the net cash flows from the financing activates for the year. Rs. 180K inflow Rs. 189K outflow Rs. 350K outflow Rs. 360K inflow IV. Prepare the note to the statement of Cash flows for the year to 31* December 20X2 using the format laid out in LKAS 7. what