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I need answer for this cashflow A company s Statement of Comprehensive Income for the year ended to 31 March 20x8 is shown below together

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I need answer for this cashflow

A company s Statement of Comprehensive Income for the year ended to 31 March 20x8 is shown below together with the Statement of Financial Position as at 31 March 20x8 (with comparative figures for 20X7). Statement of Profit and Loss and Other Comprehensive Income for the year ended 31 March 20x8 000 Sales 752 Cost of Sales (387) Gross Profit 365 Dividend Income 22 Administrative & Selling Expenses (225) Interest Payable (18) Profit Before Tax 144 Taxation (33) Profit After Tax M 20X7 000 Statement of Financial Position as at 31 March 20X8 20x8 000 Assets: Non-current Assets Property plant & equipment 488 Investments 738 Current Assets: Inventories 231 Trade Receivables 140 Cash at Bank 15 386 1,124 250 470 250 720 212 157 367 1,089 220 200 Equity: Share Capital Share Premium Retained Earnings 70 60 526 816 445 705 Liabilities: Non-Current Liabilities Long-Term Loans 90 130 182 176 Current Liabilities Trade Payables Accrued Interest Taxation Bank Overdraft 3 33 218 55 23 1,089 254 1,124 The following information was also available: (a) Administrative & selling expenses include employee salaries of 148,000 and equipment depreciation of 70,000. (b) There was no non-current asset disposals during the year to 31 March 20x8 (c) A dividend of 30,000 was paid in June 20X7. Required: (a) Prepare a statement of cash flows for the year to 31 March 20X8 using the indirect method. (b) Also, demonstrate that the use of the direct method would give the same figure for cash generated from operations as the indirect method would

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