Spring Ltd requires a Statement of Cash Flows to be prepared for the year ended $31$ March

$2024$; the following information has been provided.

Spring Ltd Draft Statement of Financial Position as at $31$ March

Cash

$2023$

$$176000$

$2024$

$$237000$

Accounts receivable

$220000$

$280000$

$($ First number $2023,$ second number $2024)$

Spring Ltd Draft SCI for the year ended $31$ March $2024$:

Sales

Interest income

Less Expenses:

COGS

Depreciation expense

Interest expense

Doubtful debts expense

Salaries and wages expense

Income tax expense

Other expenses

Profit after tax

$$885000$

$5000$

$240000$

$90000$

$6000$

$40000$

$200000$

$44000$

$160000$

Spring Ltd Draft SCI for the year ended $31$ March $2024$:

Sales

Interest income

Less Expenses:

COGS

Depreciation expense

Interest expense

Doubtful debts expense

Salaries and wages expense

Income tax expense

Other expenses

Profit after tax

$$885000$

$5000$

$240000$

$90000$

$6000$

$40000$

$200000$

$44000$

$160000$

Question $2$ continued:

Additional information:

$$ Spring Ltd classifies interest expense and dividends paid as cash outflows from operating activities and classifies interest income as cash inflows from investing activities.

During the year, Plant costing $$100000$ was purchased and paid for by the issuing $$100000$ of Spring Ltd shares.

$$ During the year, Equipment that originally cost $$100000$ was sold for $$30000$ cash.

$$ During the year, a long$-$term loan of $$30000$ was specifically organised for the purchase of plant costing $$30000.$

Required:

$($a$)$ Prepare the Spring Ltd general ledger accounts provided in the answer booklet.

$($b$)$ Prepare a Statement of Cash Flows for Spring Ltd$,$ for the year ended $31$ March $2024,$ in accordance with NZ IAS $7$ Statement of Cash Flows. Spring Ltd uses the indirect method for the cash flows from operating activities $($CFO$)$ section.

$($c$)$ Prepare a Statement of Cash Flows for Spring Ltd$,$ for the year ended $31$ March $2024,$ in accordance with NZ IAS $7$ Statement of Cash Flows. Assume in $($c$)$ that Spring Ltd uses the direct method for the cash flows from operating activities $($CFOA$)$ section. You are also required to prepare the reconciliation required by FRS $44$ New Zealand Additional Disclosures.

$($d$)$ What if the cash flows related to interest expense, dividends, and interest income had been classified differently? Complete the table in the answer booklet.