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QUESTION 9 ADS Luxury Ltd is required to prepare a Cash Flow Statement for the year anded 31 December 2020 Net profit for the financial

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QUESTION 9 ADS Luxury Ltd is required to prepare a Cash Flow Statement for the year anded 31 December 2020 Net profit for the financial year was $217,000 31 December 2019 31 December 2020 Cash $105.000 $350.000 Accounts Receivable $20,000 532 000 Inventory 5142,500 $135.000 Prepaid Rent $81.000 $70.000 Delivery Van $115.000 $115.000 Accumulated Depreciation - Delivery Van 512.000 520,000 Accounts Payable $34.000 597 500 Interest Payable 323.000 SIA 000 Long-term Loan $150.000 $150.000 Ordinary Sure Capital 562000 562 000 Required Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the Indirect method (6 marks) Note: Only the operating activities section is required, not the entire cash flow statement

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