Total assets 14,664 11.376 EQUITY AND LIABILITIES Equity Stated capital 5,520 4.692 Retained earnings 3,120 2,160 Non-current Liabilities 12% Loan Note 2,040 600 Current Liabilities Trade Payable Equity and Liabilities 3,984 3,924 14,664 11,376 Additional information: i) Equipment which had cost GH1,020 and with a net book value of GHe 540 and was sol GHe384 during the year. ii) Depreciation charge on property plant and equipment amounted to GH1,080. iii) Dividends paid during the year amounted to GH960. iv) The company purchased land for GH2,520 during the year. Required: Prepare the company's statement of cash flows for the year ended 31" December using the indirect method, adopting the format in IAS 7 Statement of cash flow. QUESTION 3 Gon (15x a) Explain any three (3) of the traditional accounting concepts or assumptions as IASB's conceptual framework. Use examples to support your answer. (6 b) Describe the needs of any two (2) of the main users of accounting information as i within the conceptual framework of the IASB. (- (Total 1