i got so confused with how to construct the gl, i did mine but doesnt seems to match the statement of cash flow in part2 and 3

help with gl and scf would be fantastic

Question 1 The following information has been extracted from the financial records of Lucy Ltd: As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 31 March 2020 $1 500 $275 6 345 5 600 320 290 7 000 7 240 20 Dr 81 Cr 55 025 50 000 16 000 13 500 900 200 7 492 5 396 10 15 150 70 30 3 000 15 000 9 000 26 818 34 533 200 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities./ 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Required: (1) Reconstruct the Lucy Ltd general ledger accounts and journal entries provided in the answer booklet. (11) Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021. (111) Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021 but assume Lucy Ltd uses the direct method for reporting cash flows from operating activities. Question 1 (1) Reconstruct the following Lucy Ltd general ledger accounts and journal entries : Accounts receivable GST inclusive GST GST exclusive GST inclusive *The journal entry would have been: **The journal entry would have been: Allowance for DD GST payable/receivable Inventory Plant and Equipment # AD # The journal entry would have been: Accounts payable GST GST exclusive GST inclusive GST inclusive *The journal entry would have been: Interest expense payable Dividends payable Income tax payable LTB Share capital Retained earnings Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021. Cash flows from operating activities: Non-cash items: Deferrals/Accruals: Items included in the determination of PBT classified as investing/financing activities: Items included in the determination of PBT classified separately as operating activities: Cash generated from operations $ Net cash (used) from operating activities Cash flows from investing activities: Net cash from/(used in) investing activities Question 1 (11) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 continued: Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period Question 1 (iii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 Cash flows from operating activities $ Cash generated from operations Net cash (used in) from operating activities Cash flows from investing activities: $ Net cash from/(used in) investing activities Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 (iii) Reconciliation of profit after tax to net cash flow (used in) from operating activities Profit/(loss) after tax Non-cash items: Deferrals/Accruals: Reverse items of income/expense classified as CFIA/CFFA: Net cash flows (used in) from operating activities $ Question 1 (iv) Review the SCF's and state three significant concerns. Briefly explain your concerns: 1. Why is this a concern? 2. Why is this a concern? 3. Why is this a concern? Question 1 The following information has been extracted from the financial records of Lucy Ltd: As at: Cash Accounts receivable Allowance for DD Inventory GST receivable/payable Plant and equipment - at cost Accumulated Depreciation Bank overdraft Accounts payable Interest expense payable Dividends payable Income tax payable Long-term borrowings Share capital Retained earnings For the year ended 31 March 2021: Sales Cost of goods sold Operating expenses Doubtful debts expense Interest expense Depreciation expense Loss on sale of plant and equipment Tax expense 31 March 2021 31 March 2020 $1 500 $275 6 345 5 600 320 290 7 000 7 240 20 Dr 81 Cr 55 025 50 000 16 000 13 500 900 200 7 492 5 396 10 15 150 70 30 3 000 15 000 9 000 26 818 34 533 200 $70 000 48 000 24 690 310 165 3 200 500 400 Additional information: 1. Lucy Ltd uses the indirect method for reporting cash flows from operating activities./ 2. The entity classifies dividends paid and interest paid as cash flows from financing activities. 3. An item of equipment was sold for $2,000 cash. Required: (1) Reconstruct the Lucy Ltd general ledger accounts and journal entries provided in the answer booklet. (11) Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021. (111) Prepare the Statement of Cash Flows for Lucy Ltd, in accordance with NZ IAS 7 Statement of Cash Flows, for the year ended 31 March 2021 but assume Lucy Ltd uses the direct method for reporting cash flows from operating activities. Question 1 (1) Reconstruct the following Lucy Ltd general ledger accounts and journal entries : Accounts receivable GST inclusive GST GST exclusive GST inclusive *The journal entry would have been: **The journal entry would have been: Allowance for DD GST payable/receivable Inventory Plant and Equipment # AD # The journal entry would have been: Accounts payable GST GST exclusive GST inclusive GST inclusive *The journal entry would have been: Interest expense payable Dividends payable Income tax payable LTB Share capital Retained earnings Question 1 (ii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021. Cash flows from operating activities: Non-cash items: Deferrals/Accruals: Items included in the determination of PBT classified as investing/financing activities: Items included in the determination of PBT classified separately as operating activities: Cash generated from operations $ Net cash (used) from operating activities Cash flows from investing activities: Net cash from/(used in) investing activities Question 1 (11) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 continued: Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period Question 1 (iii) Statement of Cash Flows for Lucy Ltd for the year ended 31 March 2021 Cash flows from operating activities $ Cash generated from operations Net cash (used in) from operating activities Cash flows from investing activities: $ Net cash from/(used in) investing activities Cash flows from financing activities: $ Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period $ Question 1 (iii) Reconciliation of profit after tax to net cash flow (used in) from operating activities Profit/(loss) after tax Non-cash items: Deferrals/Accruals: Reverse items of income/expense classified as CFIA/CFFA: Net cash flows (used in) from operating activities $ Question 1 (iv) Review the SCF's and state three significant concerns. Briefly explain your concerns: 1. Why is this a concern? 2. Why is this a concern? 3. Why is this a concern