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SydMel Lid Statement of Financial position As of 20 June 2020 2020 2015 Assets S S Cash at Bank 12 000 Account Receivable 34 000
SydMel Lid Statement of Financial position As of 20 June 2020 2020 2015 Assets S S Cash at Bank 12 000 Account Receivable 34 000 28 000 Inventories 112 000 96 000 Land 40 000 120 000 20 000 120 sod Buildings Accumulated Depreciation - bulldings (10 000) [6 000) 72 000 60 000 30 000 Equipment Accumulated depreciation - equipment Total Assets abies (18 000 S360.500 5155 Accounts Payable 52 000 48 000 Bank Overdraft 20 000 Equity 214 000 200 000 Share Capital Retained Earnings Total abilities and Equilty 90 000 92 500 Sa56 000 $360 500 Syd Mel Lid Statement of Profit or loss and other comprehensive income For the year ended 30 June 2020 2020 Income S $ Sales revenue 445 500 Less: Expenses Cost of sales 293 000 98 000 Employee Expenses Interest Expenses 5 000 Loss on the sale of land 6 250 5 000 Depreciation Expenses - bulldings Depreciation Expenses-equipment Profit for the year 15 000 412 250 Saa 250 Additional Information (a) During the year ended 30 June 2020 cosh Menes were cold to shareholders lo Bulding extensions were paid for during the year, and a block olend, costing 537 sco was sold for 531 250 cesh. al No plant was purchased or sold during the year. Required: Prepare a reconciliation note for disclosure of cash flow from operating activities with profit
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