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Example 2 Required Use the information provided below to prepare the cash flow statement of Schion Ltd for the year ended 31 December 20.14 . STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER Note 1 Additional information 1. Equipment was sold for cash, R16 500. The cost price of the equipment sold was R39 750 and the accumulated depreciation on it to the date of sale was R2 250. Equipment was also purchased for cash. 2. Additions were made to the buildings for cash. 34750 - R2 250 =37500 82