The following is the balance sheet of ABC Ltd as at 31^st December 1998 and 1999.

During the year 31^st December 1999, plant and machinery with a written down value of Kshs. 202,500 was sold for Kshs. 169,500. This plant had originally cost Kshs. 390,000.

Required:

Cash flow statement as per 1457. (15 marks)

Ordinary share capital Retained profits Debentures Creditors Proposed dividends Taxation Bank overdraft 1999(Kshs) 1998 (Kshs) 600,000 500,000 427,100 395,800 300,000 200,000 167,500 125,800 40,000 54,000 60,000 50,000 9,900 0 1,604,500 1,325,600 769,900 658,300 371,600 263,500 398,300 394,800 350,000 300,000 608,300 327,100 247,900 304,000 0 0 1,604,500 1,325,900 Plant and machinery at cost Less: depreciation Freehold property at cost Inventory Debtors Bank