cash flow statement using direct method?

ent Given below are Sikandar Company's balance sheet as at March 31, 20x3 and 20x4 and statement of profit and loss for the year ended March 31, 20X4: SIKANDAR COMPANY Balance Sheet, March 31 20X4 20X3 241,600 9,400 32,200 0 232,700 7,500 25,200 1,300 10,600 4,900 Assets Non-current assets Property, plant and equipment... Deduct Accumulated depreciation... Property, plant and equipment, net. Intangible assets: Patents Current assets Inventories...... Financial assets Investments... Trade receivables (net of allowance for credit losses 28,000; 212,000)... Cash and cash equivalents...... Other current assets: Prepaid expenses. Total assets.............. Equity and Liabilities Equity Equity share capital ..... 2,800 20,900 4,400 1,200 72,100 4,300 15,600 7,000 1,400 59,700 325,000 17,500 Prepare the statement of cash flows using the direct method. Cash Flow Apment Material 11.900 12.000 12.000 5300 19,300 2.500 Llities Neurrent liabilities Real liabilities Borrowings Current liabilities Financial Habilities Trade payables. Current tax liabilities Total equity and liabilities 22.700 600 72,100 20,900 700 59,700 ar ended SIKANDAR COMPANY Statement of Profit and Loss For the year ended March 31, 20X4 OX7 Sales Interest income. Gain on sale of investments Total income Cost of goods sold Depreciation expense Finance costs..... Selling and administrative expenses Loss on disposal of patents. 397,300 800 400 98,500 68,500 7,600 1.800 5.300 900 84.100 14.400 6,700 7,700 0,20x9; Total expenses Profit before tax Tax expense.. Profit for the period. Additional information: 1. Paid dividends, 24,500. 2. Sold investments costing 23,800 (gain, 2400) Disposed of equipment, 24,100 (cost, 59,800; accumulated depreciation, 45,700). 4 Purchased equipment, 218,700. 5. Purchased investments, *2,300 6. Disposed of patents, 3400 7. Issued at par shares, 37,500. tement Required 20X3 Problem Classificati following transactions ment SIKANDAR COMPANY Balance Sheet, March 31 20X4 20X3 341,600 9,400 32,200 0 32,700 7,500 25,200 1,300 10,600 4,900 Assets Non-current assets Property, plant and equipment.... Datuct Accumulated depreciation. Property, plant and equipment, net. Intangible assets: Patents Current assets Inventories. Financial assets Investments.. Trade receivables (net of allowance for credit losses 8,000; 12,000)...... Cash and cash equivalents.. Other current assets: Prepaid expenses Total assets. Equity and Liabilities Equity Equity share capital 2,800 20,900 4,400 1,200 72,100 4,300 15,600 7,000 1,400 59,700 325,000 317,500 Assignment Material 11,800 8,600 12,000 12,000 Other equity Liabilities Non-current liabilities Financial liabilities Borrowings Current liabilities Financial liabilities Trade payables... Current tax liabilities Total equity and liabilities 22,700 600 72,100 20,900 700 59,700 SIKANDAR COMPANY Statement of Profit and Loss For the year ended March 31, 20X4 Sales... Interest income. Gain on sale of investments. Total income Cost of goods sold Depreciation expense Finance costs.. Selling and administrative expenses Loss on disposal of patents. Total expenses Profit before tax Tax expense..... Profit for the period. 297,300 800 400 98,500 68,500 7,600 1.800 5,300 900 84,100 14,400 6,700 7.700 Additional information: 1. Paid dividends, 34,500. 2. Sold investments costing