In the process please use excel and IFRS standards, THANK YOU 

PROBLEM 6-4 Wood Corporation Comparative Statement of Financial Position December 31, 2020 2020 2019 Assets Current Assets Inventories Prepaid expenses Account Receivable Cash Total Current Assets Rp. 2.000.000 300.000 2.000.000 5.150.000 Rp. 9.450.000 Rp. 1.000.000 200.000 2.500.000 4.300.000 Rp. 8.000.000 Fixed Assets Land Building Accumulated Depreciation - building Equipment Accumulated Depreciation - equipment Total Fixed Assets TOTAL ASSETS Rp. 15.000.000 12.000.000 (1.050.000) 2.800.000 (200.000) Rp. 28.550.000 Rp. 38.000.000 Rp. 5.000.000 4.500.000 (450.000) 1.200.000 (150.000) Rp. 10.100.000 Rp. 18.100.000 Equity and Liabilities Common Stock Retained Earnings Bonds Payable Account Payable Income Tax Payable TOTAL Rp. 8.000.000 15.000.000 11.000.000 3.500.000 500.000 Rp. 38.000.000 Rp. 6.000.000 4.800.000 3.500.000 3.000.000 800.000 Rp. 18.100.000 Wood Corporation Income Statement For the Year Ended December 31, 2020 Rp. 50.800.000 Rp.17.000.000 Sales Less: Cost of Goods Sold Operating Expenses (including depreciation) Loss on Sales of Equipment Interest Expense Income Before Income Tax Income Tax Expense Net Income 200.000 3.700.000 35.400.000 15.400.000 4.300.000 Rp. 11.100.000 Additional information: 1. The company selling equipment with book value Rp. 750.000 (Cost Rp. 950.000, Accumulated Depreciation Rp.200.000) in cash Rp.550.000 2. All the changes with the balance of non current asset account have direct effect to cash flow Instructions Prepare a statement of cash flows for the year using the indirect and direct method