The following information is available for CANDY GH, a limited liability company Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31st December, 2016 GH Rey 7,659 Kost of sales 15.442 Kross profit 2211 Operating up 1.167 Operating profil 1.00 Interestepenses (150) Operating before tax 900 Tax expense 14301 Net profit transferred to reserve 40 Statement of Financial Position as at 31 December: 2010 | 2015 GHE ASSETS Noncurrent assets Property. Plant & Equipment Ko Accumulated depreciation Carrying value Intangible assets Investment properties 2.1621.75 MORE I520 L14 915 250 600 NEI 75 Kurrent assets inven Receivables kash Total assets 1,771020 450 1.170 15 RENCE EQUITY AND LIABILITIES Equity Stated capital Retained earnings 1.390 1.175 780 500 Noncurrent liabilities 12. Debent $10 sid 19 150 Current liabilities Trade payable Bank overdal Taxation Equity and liabilities 350 351 259 294 Il 30 . Additional information: 1. Equipment which had cost H255.000 and with a net book value of GH 135,000 and was sold for GH96,000 during the year. 2. The cash proceeds of the sale of asset investments properties amounted to GHC90,000 3. Dividends paid during the year amounted to GH240,000 Required: Prepare the company's statement of cash flows for the year ended 31" December 2016, using the indirect method, adopting The following information is available for CANDY GH, a limited liability company: Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31st December, 2016 GH Reven 7.659 Cost of sales K5,4423 Gross profit 2.2171 Operating expenses 1.167) Operating profil Interest Expres (150) Operating before tax 900 Tax ense (430) Net protit transferred to reserve 480 Statement of Financial Position as at 31" December: 2016 2015 GHE GHE ASSETS Noncurrent and Property Plant & Equipment Cont Accumulated depreciation Carrying Value Intangible assets Investment properties 2.1001 TNS 1.02011870 1.140915 750 l wod NI 79 Current Inventory Receivables Cash Total acts 1,7760.254 450 1.110943 SI 6.844 EQUITY AND LIABILITIES Equity Stall capital Retained earnings 1.380 11,173 78000 Noncurrent liabilities 129 Debenture 510 150 5100 150 Current liabilities Trade payable Bank overdra Taxation Equity and liabilities 381 UST 255 294 34 3. bence Additional information: 1. Equipment which had cost GH255.000 and with a net book value of GH 135,000 and was sold for GH96,000 during the year. 2. The cash proceeds of the sale of asset investments properties amounted to GH 90,000. 3. Dividends paid during the year amounted to GH240,000. Required: Prepare the company's statement of cash flows for the year ended 31" December 2016, using the indirect method, adopting
