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

Boakye Limited
Statement of Comprehensive Income for the year ended December 31, 2021
	GH	GH
Sales		7,051,088
Opening Inventory	845,000
Purchases	7,050,250
	7,895,250
Closing inventory	(2,650,000)	5,245,250
Gross profit		1,805,838
Operating expenses
Admin expenses	(1,057,567)
Distributive expenses	(418,033)
Depreciation	(50,000)	(1,525,600)
NPIT/EBIT		280,238
Interest		(35,600)
PBT		244,638
Tax		(154,638)
PAT		90,000

Statement of Financial Position as at December 31, 2021
		2020		2021
Non-current assets	GH	GH	GH	GH
Motor vehicles at cost	150,000		185,000
Less Accumulated depreciation	(90,000)	60,000	(90,000)	95,000
Machinery at cost	-	-	70,000
Less Accumulated depreciation	-	-	(5,000)	65,000
		60,000		160,000
Current assets
Inventory	75,000		67,500
Receivables	45,000		60,000
Bank	30,000		-
		150,000		127,500
Total assets		210,000		287,500
Current liabilities
Payables	22,500		26,260
Bank overdraft	-		20,000
		22,500		46,260
Non-current liability
Loan		90,000		120,000
Financed by:
Stated capital	37,500		31,240
Net profit	60,000		90,000
		97,500		121,240
Total equity and liabilities		210,000		287,500

Additional information

• A motor vehicle which had cost GH45,000 with a written down value of GH15,000 had been sold for GH19,160.

Required:

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