ide Hea. 1 No Spac... Heading 1 Heading 2 Subtle Em... Emphasis Intense E. Strong Quote A select- Styles Editing Question 1 The statements of financial position of XOVID-20 Lid for the past two years and the company's most recent income statement are set out below Extracts from Statement of comprehensive income for the year to 31 March 2021 000 Finance costs - interest on loans (91) Profit before taxation Taxation 3,169 (1.444) 1.725 Profit for the year Statement of financial position at 31 March 2021 & 2020 2021 E000 2020 E000 E000 E000 Assets Non-current assets Property, plant, and equipment al cost 25,171 22,479 Current assets Inventories Trade receivables and prepayments Cash and cash equivalent 3,696 3,350 10 7056 3,864 2.464 350 6.678 32.227 29.157 Equity Ordinary share capital Share premium account Retained earnings 2,100 900 24.990 1,900 600 23.065 27.990 25,565 Liabilities Non-current liabilities Bank loans 1,700 700 Current Liabilities Trade payables and accruals Taxation Bank overdran 732 1,344 461 2.537 1 848 944 100 2892 32.227 29.157 DOC The following information is also available: a Property, plant and equipment costing 999.000 with accumulated depreciation of 555,000 was sold during the year at a profit of 224,000. b. The total depreciation charge for the year for property, plant and equipment was 4,545,000 c. No dividends were paid during the year Required: Prepare a statement of cash flows for the year to 31 March 2021 in accordance with the requirements of IAS7 (using the indirect method) for XOVID-20. 50 Marks