The statement of comprehensive income and the statement of financial position disclosed relates to Jeffrey Ghana Limited.

Jeffrey Ghana Limited
Statement of Financial Position as at December 31, 2021
		2020		2021
	GH	GH	GH	GH
Non-current assets (cost)	300,000		380,000
Less Accumulated depreciation	(60,000)	240,000	(45,000)	335,000
Investment		120,000		70,000
Current assets
Inventory	96,000		100,000
Receivables	150,000		127,000
Bank	164,000		146,000
		410,000		373,000
Total assets		770,000		778,000
Financed by:
Stared capital	300,000		320,000
Income surplus	146,000		166,000
		446,000		486,000
Non-current liability
10% Debenture		150,000		100,000
Current liabilities
Payables	137,500		152,000
Taxation	36,500		40,000
		174,000		192,000
Total equity and liabilities		770,000		778,000

Jeffrey Ghana Limited
Statement of Comprehensive Income for the year ended December 31, 2021
	GH	GH
Sales		6,112,088
Opening Inventory	645,000
Purchases	6,150,250
	6,795,250
Closing inventory	(1,650,000)	5,145,250
Gross profit		966,838
Operating expenses
Admin expenses	(476,805)
Distributive expenses	(343,033)
Depreciation	(10,000)	(829,838)
NPIT/EBIT		137,000
Interest		(10,000)
PBT		127,000
Tax		(40,000)
PAT		87,000

Additional information

• A non-current assets costing GH60,000 with a written down value of GH35,000 had sold for GH41,000.
• Investment costing GH50,000 was sold for GH45,000.

Required:

Prepare the Statement of Cash-flow for Jeffrey Limited for the year ended December 31, 2021