Question 14 Below is list of transactions extracted from the books of Controller and Accountant General relating to the Consolidated Funds during the year ended December 31, 2019. Income taxes Value added taxes Fees and charges Purchase of goods and services Payment of personal emolument Payment of judgment debt Petroleum revenue Payment to contractors Purchase of motor vehicles Domestic debt Bilateral debt Repayment of multilateral borrowing Multilateral borrowings Purchase of computer and accessories Royalties received Other taxes Purchase equity in Better Ghana Company Proceeds from sale of security investment Interest received from investment Transfers to District Assembly Common Fund Transfer to Ghana Educational Trust Fund Repayment of domestic borrowing Repayment of Bilateral debt Interest paid on debt Donor support received Auction proceeds from old vehicles Court fines received GHC'000 125,500 215,500 55,000 62,200 75,000 20,450 102,500 60,500 12,400 90,400 60,200 15,500 50,200 5,000 18,800 41,300 85,500 25,000 8,000 55,000 45,500 30,000 10,500 8,800 12,000 4,500 600 Required: a) Prepare a Cash Flow Statement of the Consolidated Fund for the year ended 31 December 2019 in accordance with IPSAS 2 using the direct method. b) Outline four (4) benefits of including cash flow statement in the general-purpose financial reports of a public sector entity.