The following Information were extracted from the financial reports of P.Howell, a vole-trader. From the details below (Income Statement in 2020, and Balance Sheets in 2019 and 2010) you are te drafta statement of cash flow for P. Howell for the year ending 31 December 2020, 2020 E 140,000 24,300 95,000 128.500) 190,800) 50,000 500 2.000 400 P. Howell Income Statement for the year and in 31 December 2019 E Sales 116,900 Less Cost of goods sold Opening inventory 28,400 Add Purchases 75,000 Les Closing inventory 124,300) 179,100) Gross Profit 37,800 Add Discounts received 400 Profit on sale of fumiture 36,200 Los Expenses Electricity 1,100 Telephone 2.400 Salary 10,500 General Dipenses 1,600 Bad debt 500 Increase in allowance for doubtfuldebt 100 Depreciation Fumiture 1,000 117,200) 21,000 Saatement of Rnancial Position as at 31 December 2019 2.500 52500 1,500 3,200 15,600 2,100 700 200 1,000 124,300) 20,200 2020 Non-current assets Fumiture at cost Less depreciation to date 28,000 18.000) 20,000 21.000 15,000) 16,000 Current assets Inventory Accounts receivable less allowance" Bank 24,300 5,100 4,000 28,500 4,100 9,000 Total Assets 33,400 53,400 41,600 57,600 Current Liabilities Accounts payable 2,700 3,200 Non-current liabilities Loan from ). Abalor Total liabilities Net assets 7,000 4,000 Je 19,700) 43,700 17.2001 50.400 Capital Opening balance b/d Add Net profit Add Capital Introduced Les Drawing Total Capital 15,800 21.000 6.900 43,700 28.200 (21,500) 50.400 43 700 * Accounts receivable 2019 5,700 - allowance 600 Accounts receivable 2020 4,900 -llowance 800. Note: Some fumiture were sold for C5,000 during 2020. No new fumiture was purchased during the year