Question 3: (25 marks) Prepare the statement of cash flows for Zeta LTD for the year ending 31st December 2018 IAS 7 using the indirect method. required under as ZETA LTD Statement of Financial Position As at December 31, 2018 2017 2018 000 E000 E000 000 Assets Non-current assets 1,900 Property, plant and equipment at cost or valuation Less Accumulated depreciation Investments at cost Total Non Current Assets 2,600 1,150 750 900 1,700 150 1,300 1,700 Current Assets 600 Inventory Trade receivable 900 780 1,200 Short term investments 250 2,350 4,050 1,740 Bank Balance 360 3,040 Total Assets Equity Share capital (E1 ordinary share) Share premium 850 750 200 150 Revaluation reserves 600 400 Retained earnings Total Equity 750 500 2,400 1,800 Non-current liabilities Long term loans Current Liabilities 1,000 570 Trade payable Current tax payable Equity and Total Liabilities 650 550 650 670 120 4,050 3,040 Page 6 of 7