Question 2 Statement of Cash Flow (20 Marks) The following are the totals for receipts and payments for the year ending 31 March 2019 for the business Goodwood furniture $17,000 $130,200 $3.500 $2.500 $20.000 $6,000 Receipts from: COP) Credit customers 1 )Cash Sales Sale of vehicle PS Dividend Received Term Loan IF Capital Contribution Payments to: TA) Purchase of new vehicle IP) Interest Expense Loan Principal Repayment Fi Drawings com Payments to Suppliers LoOther Expenses paid $10,000 Deposit (Full price $50,000) $1,150 $16,500 $28,000 $95.000 $9,600 Additional information: Bank balance 1/4/18 $(4,500) $14.450 2 Bank balance 31/3/19 Required: 2.1 Prepare the Statement of Cash Flows for the business, Goodwood Furniture for the year ending 31 March 2019. (16 marks) 2.2 *The Net Cash flow from Operating Activities in my cash flow statement is the same as the Net Profit in my Income Statement" State whether you agree or disagree with the above statement and justify with reasons why (2 marks) 2.3 Explain what the statement of cash flows is designed to show, and why it is important to any business (2 marks)