QUESTION 2. Prepare a Cash Flow Statement for Century Office Ltd as on 31" December 2020 from the following information: (20 marks) Liabilities Share Capital 8% Debentures Retained Earnings Creditors Accounts Payable Provision for Tax Statement of Financial Position 1/12/2020 31/12/2020 Assets (P) (P) 1,00,000 4,00,000 Goodwill 2,00,000 Machinery 60,000 90,000 Stock 40,000 1,00,000 Debtors 20,000 40,000 Cash at Bank 30,000 40,000 Cash in Hand 2.50,000 8,70,000 1/12/2020 31/12/2020 (P) (P) 20,000 1,25,000 4.75,000 20,0000 80,000 30,000 1,00,000 50,000 1,50,000 25,000 45.000 2,50,000 8,70.000 Additional Information: a. During 2020, the business of a sole trader was purchased by issuing shares for P. 2,00,000 The assets acquired from him were: Goodwill P 20,000, Machinery P. 1,00,000, Stock. P 50,000 and Debtors P 30.000. b. Provision for tax charged in 2020 was P. 35,000. c. The debentures were issued at a premium of 5% which is included in the retained earnings d. Depreciation charged on machinery was P. 30,000