Page 4 of 5 Jan 2021 BBF201/03 Introduction to Financial Management Assignments 1 QUESTION 4 (UNIT 2) (25 MARKS) Below is the income statement and balance sheet of Arabi Mattham Berhad. From this information prepare a statement of cash flows for the year ended September 30, 2020. Income Statement for year ended September 30 Year 2019 (RM) Revenues 500,000 Cost of Sales 395,000 Selling and Administrative 60,000 Interest Expense 9.900 Income Tax 12,812 2020 (RM) 512,000 404,480 61,440 12,320 12,322 2020 Statement of Financial Position as at September 30 2019 Current Assets Cash and equivalents 10,000 Account Receivables 40,000 Inventories 39,500 Prepaid Expenses 10,000 Total Current Asset 99,500 Property, Plant and Equipment 390,000 Accumulated Depreciation -233,000 10,240 48,640 56,627 11,000 126,507 411,000 -250,000 Year Revenues Cost of Sales Selling and Administrative Interest Expense Income Tax 2019 (RM) 500.000 395,000 60,000 9,900 12,812 2020 (RM) 512,000 404,480 61,440 12,320 12,322 2020 Statement of Financial Position as at September 30 2019 Current Assets Cash and equivalents 10,000 Account Receivables 40,000 Inventories 39,500 Prepaid Expenses 10,000 Total Current Asset 99,500 Property, Plant and Equipment 390,000 Accumulated Depreciation -233,000 Net PPE 157,000 Other Assets, Net Amortization 27,000 Total Assets 283,500 10,240 48,640 56,627 11,000 126,507 411.000 -250,000 161,000 26,000 313,507 Liabilities and Shareholders' Equity Current Liabilities Current portion of long term debt Notes payable Account payable Accrued liabilities Income taxes payable Total Current Liabilities 12,000 30,000 39,500 21,569 8,900 111,969 13,000 31,000 42,450 18,000 9,500 113,950 Long Term Debt Non-current liabilities Other Non Current Liabilities 87,000 10,000 4,340 99,000 9,970 5,000 Shareholders' Equity Common stock - Class A Capital in excess of par Retained Earning Total Shareholders' Equity Total Liabilities and Equity 3,000 21,000 46,191 70,191 283,500 3,500 26,000 56.087 85,587 313,507 -END OF ASSIGNMENT 1