Question 2 New World Company Limited is a large manufacturer of electrical goods. You are a trainee accountant working for the company. The following statement of profit or loss and other comprehensive income and statement of financial position extracts relates to New World Company Limited Statement of Comprehensive Income (Extracts) for the year ended 31 December 2017 GHcmillion Operating profit 752 Finance costs interest) (100) Profit before tax 652 Taxation (142) Profit after tax 510 Dividends (200) Retained profit 310 128 Other information Depreciation charge for the year 316 Profit on disposal of non current asset 36 Carrying amount of asset sold 58 Statements of Financial Position as at 31 December 2017 Assets GHe million GHc million Non-current assets 2,600 3,314 Current assets: Inventory 1,346 1,390 Receivables 218 506 Cash 1 692 1896 Total assets 4,292 5,210 Equity and Liabilities Equity: Stated capital 200 400 Income surplus 2.492 2.802 2.692 3.202 Non-current liabilities: Interest bearing debt 200 300 Current liabilities Payables 1,256 1,414 Short-term borrowings 112 Taxation 144 182 1.400 1.708 Total Equity & Liabilities 4,292 5,210 Required: Prepare the statement of cash flows for New World Company Limited for the year ended 31 December 1