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please answer the question strictly follow the requirements. Thank you! Problem 65 Willis Income Statement for the year ended 31 December 2018 29.08 Gross proti

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please answer the question strictly follow the requirements. Thank you!

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Problem 65 Willis Income Statement for the year ended 31 December 2018 29.08 Gross proti Add Discounts received All Profit on sale of motor vam 298 570 168 10,190 Les Expenses Motor expenses Wages General expenses Baddebos Increase in bad debit provision Depreciation Motor 1.590 8.790 2,144 340 120 1.090 14.1174 Salement of Final Position as at 31 December 2012 11.200 Non-current Motor van a Lens Depreciation to date Carmen Sick 7,200 2340 1,040 11,150 10,295 1190 1.50 1723 Han 12.00 Capital Opening balance b/d 12,243 15,323 Add Net profit 14,080 16,122 26,323 31,445 Less Drawings 11,000 15,323 12,500 18.945 * Debtors 2017 5,490 - provision 300 Debtors 2018 3,800 - provision 420. Note: The motor van was sold for 2,300 during 2018. Required: Draft a cash flow statement for C Willis for the year ended 31st December 2018 Problem 65 C Willis Income Statement for the year ended 31" December 2018 Gross profit Add Discounts received 298 Add Profit on sale of motor van 570 29,328 868 30.196 Less Expenses Motor expenses Wages General expenses Bad debts Increase in bad debt provision Depreciation: Motor van 1,590 8,790 2,144 340 120 1.090 14.074 16.122 Statement of Financial Position as at 31 December 2017 2018 E 11,200 4.160 7,200 2.980 7,040 4,220 Non-current assets Motor vans at cost Less Depreciation to date Current assets Stock Debtors less provision Bank 10,295 5,190 1.568 17,053 17.150 3,380 2015 22,645 I Current Current liabilities Creditors 2.770 14.282 2920 19,725 23,945 21,323 Long-term liability Loan form P Bond 6.000 15323 5.000 18.945 39

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