Question 1 (15 Marks) The Balance Sheet of Comical Co as at 31 December 2021 and 31 December 2020 are provided as follows: 2020 $'000 4 unn 1 90 (16) 86 2021 $ 000 Current Assets Cash 5 Inventories 5 Accounts Receivables Long-term Assets: Plant and Equipment at cost 108 Accumulated depreciation (33) Total Assets 89 Stockholders' equity Common stock, no par 19 Retained earnings 53 Total stockholders' equity 72 Current liabilities Accounts payables 12 Total stockholders' equity and liabilities Income Statement for year ended 31 December 2021 Sales revenue Depreciation expense: Plant and equipment Loss on disposal: Plant and equipment Other expenses Net income 19 52 71 15 89 86 S'000 77 (26) (1) (48) 2 Note: A plant that was bought at a cost of $12,000 a few years ago, was disposed for $2,000 during the year ended 31 December 2021. Required: Prepare the Cashflow statement, using the indirect method, for the year ended 31 December 2021