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Use the information provided below to prepare the Cash Flow Statement of Harmony Limited for the year ended 31 December 2020. Harmony Limited Extract of

Use the information provided below to prepare the Cash Flow Statement of Harmony Limited for the year ended 31 December 2020.

Extract of Statement of Changes in Equity for the year ended 31 December 2020 Retained earnings RBalance on 01 January 2020

Balances extracted from the Statement of Financial Position as at 31 December: 2020 2019 RR Plant and equipment 3 750 000 3

Cash and cash equivalents 300 000 210 000 Ordinary share capital 1 860 000 1 860 000 Retained earnings 1 800 000 1 500 000 Lo 

Harmony Limited Extract of Statement of Comprehensive Income for the year ended 31 December 2020 R Sales 6 600 000 Cost of sales (3 900 000) Gross profit 2 700 000 Operating expenses (1 710 000) Selling and administrative expenses 1 260 000 Depreciation 450 000 Operating profit 990 000 Interest expense (270 000) Profit before tax 720 000 Company tax (240 000) Profit after tax 480 000

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