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The following two balance sheets were extracted from New Thomson Centre for the years ending 31 December 2018 and 2019, respectively: 2018 $ 2019 $
The following two balance sheets were extracted from New Thomson Centre for the years ending 31 December 2018 and 2019, respectively: 2018 $ 2019 $ New Thomson Centre Balance Sheet Statement as at: Current Assets Bank balance Stock of medical supplies Accounts receivables Total Current Assets 0 52,000 40,000 92,000 27,000 45,000 15,000 87,000 Non-Current Assets Buildings 62,000 82,000 Equipment at cost Accumulated depreciation Net Book Value 196,000 (68,000) 128,000 224,000 (90,000) 134,000 Total Non-Current Assets 190,000 216,000 Total Assets 282,000 303,000 Current Liabilities Accounts payables Bank overdraft 34,000 41,000 39,000 0 Non-Current Liabilities Bank loans 0 40,000 Equity Ordinary Shares Preferred Shares Net Income - Retained 160,000 0 47,000 160,000 30,000 34,000 Total Liabilities & Equity 282,000 303,000 Additional information: a) No non-current assets were sold by New Thomson Centre for the past 2 years, in 2018 and 2019, respectively. b) No interest was paid on the non-current bank loan. c) No cash dividends have been paid so far. d) Use the Indirect Method" (IAS 7) to construct your Cash Flow Statement. Required Prepare a Schedule of Change and a Cash Flow Statement for New Thomson Centre for the year ended on 31 December, 2019
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