Question 2 (35 Marks: 70 minutes) : Fier Limited in the largest marutacturer of batoons in the country. The statement of pratit or loss and statement of changes in equity of Fizz Limited for the year ended 31 December 2020. n well as the statement of financial position of the company at 31 December 2020. are shown below. FIZZ LIMITED Statement of profit or loss for the year ended 31 December 2020 NS Sales 300,000 Cost of sales ROZOOT GROSS 100,000 Operating expenses 120,000 SellingED 10.000 Administration was 7.000 Los on disposal Boumen 1,000 Depreciation 8.000 Se Pratit before 74 000 incompense 129.000 Profit for the period 200 FIZZ LIMITED Statement of changes in equity for the year ended 31 December 2020 Share Retained Total capital warnings NS NS NS Balance at 01/01/16 100.000 10 000 110.000 Pratit for the period 44.400 44.400 Dividendo 120 000 20 000) Iue of share capita 10.000 10.000 Dance 16000 34.400144400 Fizz Limited Statement of Financial Position as at 31 December 2020 2020 NS ASSETS 2019 INS 80.000 Non-current asset Equipment of cost Accumulated detection 85.000 100.000 ODO en 000 9.000 Current and Inventories Accounts receivabe Smiling expenses paid advance Bank 109.000 50.000 12000 1,200 26.500 LARO 70,500 40.000 20.000 1,500 0.000 TER 110,000 34.400 100,000 10,000 EQUITY ANSD LIABILITIES Equity Share capital Retained emning Non-current abilities Loan Current abilities Account Payable Administration persatile Current tax payati Incometar 10.000 20.000 20.000 B00 10.000 194 100 10,000 500 10.000 FILO Equipment casting N$15,000 was purchased during the year when orain other equipment was traded in as part of the purchase price REQUIRED #) Prepare a statement of cash flow of Fun Limited for the year ended 31 December 2020 using the direct method (25 marks) 5) Prepare the note to the statement of cash flows for the reconciliation of profit before that cash generated from profile for the year ended 31 December (10 marks) 5