prepare working papers showing separately all calculations to determine cash flows from each of the operating, investing and financing activities, using T accounts or equations.

The comparative statement of financial position and the statement of profit or loss of LAURELINE Ltd for the year ended 30 June 2017 are as follows LAURELINE Ltd Statement of Financial Position as at 30 June 2017 2017 2016 Current assets Cash at bank Accounts receivable Allowance for doubtful debts Inventories S 574 000 672 000 (96 000) 240 000 1390 000 422 000 528 000 (72 000) 216 000 1094 000 240 000 (144 000) 96 000) Non-current assets 600 000 960 000 an Buildings Accumulated depreciation Plant Accumulated depreciation Deferred Tax Asset 960 000 1008 000 (96 000) 10 000 2338 000 S 3728 000 960 000 (96 000) 1968 000 S3062 000 Total assets Current liabilities Accounts payable Accrued Expenses Current tax payable S 168 000 30 000 218 000 416 000 S192 000 24 000 182 000 398 000 Non-current liabilities Long Term Borrowings Deferred tax liability Total liabilities Equity Share capital Retained earnings Revaluation Surplus 240 000 264 000 48 000 312 000 240 000 1200 000 1728 000 72 000 3 000 000 $ 3728000 960 000 1464 000 2 424 000 S 3062 000 Total liabilities and equity