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The following comparative statements of financial position and income statement are for the business of Cheap As Ltd CHEAP AS LTD Balance Sheet as at 30 Jn 017 2018 ASSETS Cash Accounts receivable Invesory Plant and equipment Acc. Depreciation-Plant&Equi S 37 200 33 600 30 000 72 000 (26 400) 146 400 $ 23 600 16 800 42 000 93 600 28 800) 147 200 LIABILITIES AND EQUITY Accounts payable Current tax liability Loan payable Share capital Retained earnings 32 400 6 000 32 400 41 600 34 000 s 27 600 9 600 37 200 41 600 31 200 CHEAP AS LTD Income Statement For the year ended 30 Jwwe 2018 Sales Cost of sales GROSS PROFIT Selling expenses Administrative expenses Interest expense Profit belore tax $270 000 215 000 55 000 $16 800 9 600 1.200 c tax expense NET PROFITIT 27 400 5200 Additional Information Dividends declared and paid were $25 000. Depreciation expense is inchaded as a selling expense in the income statement All sales and purchases are on credit Required: Prepare a Statement of cash flows using the indirect method 21Page (15 marks) b What informatioa does the cash flow statement provide that is not available from the Sheet or the Income Statement