Q1. Khaled Co is in Export business operating from Jeddah for the last 10 years successfully. From the following summary of Cash Account of Khaled, prepare Cash Flow Statement for the year ended 31st March 2017 in accordance with using the direct method. The company does not have any cash equivalents. (4 Points) Summary (Cash Account) 31-3-2017 Particulars Bal 1.4.2016 Equity Shares Receipt from Customers Sale of Fixed Assets Amount 2000 200 200 100 Amount Particulars 50 Payments to Suppliers 300 Purchase of Fixed Asset 2800Overhead Expenses 100 Wages & Salaries Dividends Repayment of long term Loans 300 150 3250 3250