JT Pte Ltd Statement of financial position As at 31st December 20X9 20X9 20x8 Assets Current Assets S S Cash 27,600 5,000 Accounts receivable 45,500 44,500 Inventories 79,100 67,500 Prepaid expenses 2,100 6,000 Non-current Assets Freehold Land 1,069,100 121,900 Equipment, net 53,100 49,200 Total assets 1,276,500 294,100 Liabilities and Shareholders' Equity Current Liabilities Accounts payable 35,800 25,600 Salary payable 22,000 15,600 Accrued expenses 22,900 24,200 Interest payable 4.800 Dividend payable 2.000 Income tax payable 3,200 Non-current Liabilities Bonds payable 250,000 37,000 Shareholders' equity Share capital 888,600 164,300 Retained earnings 47,200 27,400 Total liabilities & 1,276,500 294,100 Shareholders' Equity JT Pte Ltd Income Statement (extract) For the year ended 31st December 20x9 445,000 185,100 259,900 Sales revenue Cost of goods sold Gross Profit Expenses: Salary expense Depreciation expense Other operating expense" Interest expense 76,400 17,400 49,800 24,800 5 202107Sem Total expense Profit before tax Income tax expense Prylin TX 168,400 91,500 29.500 62.000 (b) Prepare a statement of cash flow for JT Pte Ltd for the year ended 31 December 20X9. In your answers, present the cash flows from operating activities using the direct method. (Hint: To derive the cash paid for operating expenses, make use of information asterixed above.)