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XPTO Technologies is a company created in July 2019. In the first six months of operation, they provided the following Balance Sheet. Fixed assets

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XPTO Technologies is a company created in July 2019. In the first six months of operation, they provided the following Balance Sheet. Fixed assets cost Depreciation Current assets ,000 ,000 ,000 150 30 120 Material stock 50 Debtors 300 Prepaid Expenses 5 355 Current liabilities Dividends 50 Bank Overdraft 5 Accrued expenses 121 176 Working capital 179 Assets less current liabilities 299 Share capital Reserves (profit) 200 99 299 Consider the additional information: 1. The company's authorised share capital is 200,000 of 2 ordinary shares. 2. Sales are made with one month's credit. 3. Materials are bought with one month's credit. 4. Dividends for the first months of operation are paid in February 2020. 5. An additional dividend of 70 p per share is proposed for the accounting period between January and June 2020. 6. Three machines worth 50,000 were bought during the first six months of operation. An additional machine was bought in January 2020 and another in April 2020. 7. All Machines depreciate 10,000 every six months. 8. There was no work in progress and no finished goods in stock on the 30th June 2020. 9. Sales from January to June 2020 were 310,000 per month. 10. Materials bought from January to June 2020 were 150,000 per month. 11. Overheads from January to June 2020 were 65,000 per month. 12. Labour costs from January to March 2020 were 50,000 per month, and 80,000 per month for the following three months. 13. On the 30th June 2020 there is a stock of material worth 40,000. Given the information provided, and in order to answer the following questions: Establish the Cash Flow Account and Profit and Loss for 6 months starting in January 2020. Establish the Balance sheet for the 30th of June 2020. Please provide the full number as your answer, e.g. for 20,000 the answer would be 20000.

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