Question One From the Statement of Financial Affairs and Income Statement of DPB Itd for the year ended 31 December, 2020 and 2019. Prepare a Statement of Cash Flow. 25 Marks Vertical DPB plc. Statement of fin affairs (K Million) 314 Dec 2020 2019 Assets Current Assets Cash and Cash equivalents 200 1,450 Short-term Investments 500 700 Debtors (Accounts receivable) 3,450 3.350 Stocks 5,850 2,600 Total Current Assets 10,000 8,100 Net Fixed Assets(Plant and equip less acc. Depr.) Total Assets 10,000 20,000 8,700 16,800 Liabilities and Equity Current Liabilities: Creditors 1,600 1,300 Accruals 1,055 1,300 Notes payable 1.100 600 Total current liabilities 3,755 3,200 Long-term bonds 6540 4,800 Total debt 10,295 8,000 Stock Holder's Equity Preferred Stock(4,000,000 shares) 400 400 Common Stock(500,000,000 Shares) 1,300 1,300 Retained earnings 8,005 7.100 Total common equity Total liabilities and equity 9,705 20,000 8.800 16,800 DPB plc Income Statements for the Years Ending December 31(K'million) 2020 2019 Net Sales 30,000 28,500 Operating costs exduding depr. and amort. 26,162 24,970 Earings before interest, taxes, depr., and amort (EBITDA) 3,838 3.530 Depreciation 700 750 Amortization 300 150 Depreciation and Amortization 1,000 900 2,838 880 1,958 Earnings before interest and taxes (EBIT, or operating income) Less Interest Earnings before taxes (EBT) Taxes (35%) Net income before preferred dividends Preferred dividends Net Profit 78.3 1,879.7 400 1.479.7 2,630 600 2,030 710.5 1,319.5 400 919.5 Common dividends 400 700