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The following data was obtained from the books of Ryan Dean Ltd : Statement of Financial Position NON - CURRENT ASSETS Land & Building Fixtures

The following data was obtained from the books of Ryan Dean Ltd :
Statement of Financial Position
NON-CURRENT ASSETS Land & Building
Fixtures &Fittings
Motor Vehicle
Long Term Investments
CURRENT ASSETS
Inventory
Debtors
Short term Investments B a n k
Cash
CAPITAL AND RESERVES Ordinary Share Capital General Reserves
Retained Earnings
NON-CURRENT LIABILITIES
10% Loan
CURRENT LIABILITIES Creditors
Bank overdraft
Tax Payable Dividends
2016
2017
COST DEPN NBV
COST
DEPN
NBV 700,000(315,000)
385,000
700,000
(336,000)
364,00030.0(180,000)120,000
300,000(210,000)
90,000(450,000)300,000
150,000
270,000
30,0001,600,000
945,000
655,0001,300,000
816,000
484,000250,000
290,000905,000
774,000
45,000180,000167,000
72,000464,0001,369,000
38,000225,000
258,500152,000
89,000
580,000150,000
480,500
73,000
762,5001,536,500
1,210,500
200,000
Page 5 of 8
500,000120,000215,000
55,00036,00027,000160,0
835,000
400,000
134,0001,369,000
18,000
350,0126,0001,536,500
( Continued)
Question One (Continued)
Condensed Statement of Profit and Loss for 2017
$ Sales
1,400,000
Gross Profit
Profit before tax
Tax
Profit after tax Dividends
Transfer to Reserves
Profit for the Year Retained Earnings b/d Retained Earnings c/d
Notes
(46500)(30,000)
630,000
420,000(78,000)342,000
(76,500)2180,0480,500
a. On June 30,2017 a motor vehicle which was purchased on January 1,2012 for $300,000 and was depreciated at 15% on the straight line basis for 512 years, was sold for $30,000
b. The short term investments are redeemable in three month
Required
1. Prepare the cash flow statement for 2017

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