Q2. Please provide working calculations to support the answer and do it in a format so I can copy in excel.

Notes: During the year dividends of 150,000 were paid and the company bought new plant for 165,000.

Required: Prepare a statement of cash flows for the year to 31 March 2021 using the indirect method in accordance with IAS7.

000 1.365 Summer Plc Income Statement for year ended 31 March 2021 000 Sales Cost of sales 155 Staff costs 176 Depreciation 243 Loss on disposal of non-current assets 32 Operating profit Interest expense Profit before tax Taxation Profit after Tax 606 759 48 711 145 566 Summer Plc Statement of Financial Position as at 31 March 2021 2021 000 Assets Non-current assets at cost 3,111 Less: Accumulated Depreciation (600) 2020 000 2000 000 3,211 (432) 2.511 2,779 Current Assets Inventory Trade receivables Cash Total Assets 52 146 225 43 117 100 423 2.934 260 3.039 Equity & Liabilities Equity Ordinary share capital Share Premium Retained Earnings 750 77 1.520 700 60 1.104 2.347 1.864 Liabilities Non-current liabilities Long term loans 350 980 Current Liabilities Trade Payables Taxation Total Equity and Liabilities 22 215 15 180 237 2.934 195 3,039