QUESTION $2$

The Greene Corp. produced the following data accompanying its financial data for $2022$;

a$.$ Equipment costing $10,000$ with a book value of $8,000$ was sold for $15,000$

b$.$ Motor vehicle costing $40,000$ with depreciation of $16,000$ was sold at a loss of $5,500$

c$.$ The building was revalued during the year.

d$.$ No dividend was paid during the year.

BALANCE SHEET AS AT DECEMBER $31,$

Required: $($a$)$ Prepare the cash flow statement for the year ended $2022.(25$ marks$)$

$($b$)$ Comment on the performance and financial position of the company, using

relevant items in the cash flow statement.

$(5$ marks$)$