1. Prepare a cash flow statement using the below data

Income Statement Sales Cost of Sales Gross Profit Expenses General & Admin Sales & Marketing Depreciation Operating Profit Interest Paid PBT Taxation Earnings after Tax Dividend Retained Earnings YIE 31 Dec 20x1 63,000 26,460 36,540 13,050 2,835 5,250 4,965 23,490 3,915 19,575 7,830 11,745 2,349 9.396 YIE 31 Dec 20x2 85,050 34,020 51,030 17,440 3,402 8,080 5,958 33,590 7,590 26,000 9.100 16,900 4,225 12.675 Balance Sheet Ordinary Shares Retained Earnings Total Equity As at 31 Dec 20x1 20,000 23,700 43,700 As at 31 Dec 20x2 20,000 36,375 56,375 L-T Loan 12,000 55,700 18,000 74.375 Fixed Assets 46,200 57,596 Current Assets Stock Debtors Cash Current Liabilities Creditors Bank Overdraft Net Current Assets Net Assets 20,200 6,615 11,392 2,193 10,700 3,697 7,003 9,500 55,700 25,579 8,460 13,987 3,132 8,800 4,753 4,047 16,779 74,375