Question $2$

Mubin Distributor

Statement of Comprehensive Income for the year ending ${31}^{st}$

December $2019$

$\backslash$table$[[$Sales$,$RM$],[$Less: Cost of sales,$634,532],[,$ Gross profit,$(452,483)],[$Profit on sale of equipment,$182,049],[,182,385],[$Selling and distribution expenses,$(62,466)],[$Administration expenses,$(55,892)],[$Depreciation of equipment,$(6,313)],[$Depreciation of machinery,$(11,876)],[$Net profit,$45,838]]$

Mubin Distributor

Statement of Financial Position as at ${31}^{st}$ December $2018$ and $2019$

$\backslash$table$[[,2019,2019,2018,2018],[,$RM$,$RM$,$RM$,$RM$],[$Non$-$Current assets$],[$Less: Depreciation,$19,454],[14,454],[$Machinery$,118,760,,118,760,],[$Less: Depreciation,$71,256,47,504,59,830,59\mathrm{.}380],[,66,441,,78,834],[$Current assets$],[$Inventory$,52,687,,45,611,],[$Receivable$,78,490,,65,442,],[$Bank$,,,371,],[,131,177,,111,424],[,197,618,,190,258],[,,,,],[,,128\mathrm{.}069,,],[$Add: Net Profit,,$45,838,,(120,004)/(58,222)],[,183\mathrm{.}679,,186,291],[$Less: Drawings,,$(49,000),,(48,450)],[,134,679,,137,841],[$Current Liabilities$],[$Payable$,39,943,,42,417,],[$Bank overdraft,$7,996,,-,],[,47,939,,42,417],[$Non$-$current liability$],[$Loan$,,15,000\_,,10,000],[,197,618,,190,258],[,,,,]]$

During the year $2019,$ he bought a new equipment at RM$10,660$ and he received RM$5,200$ cash from the sale of old equipment.

Required:

$($b$)$ Prepare cash flow statement that will show Mubin the movement of cash in his business.

$(15$ marks$)$