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Need the answer for this. Question 1 The accounting staffs of Rafeal Nadal Ltd. have assembled the following information for the year ended 31 December,

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Question 1 The accounting staffs of Rafeal Nadal Ltd. have assembled the following information for the year ended 31 December, 2009: Cash and cash equivalents, 1 Jan 55,200 Cash and cash equivalents, 31 Dec 74,200 Cash paid to acquire plant assets 32,000 Proceeds from short-term borrowing 30,000 Loans made to borrowers 6,000 Collections on loans (investment) 5,000 Interest and dividends received (from Investment) 27,000 Cash received from customers 1,000,500 Proceeds from sales of plant assets 10,000 Cash paid to employees Debenture Interest paid Income tax paid Required: Prepare the Cash Flow Statement for the year ended 31St December 2009 using the direct method

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