QUESTION 1. The balance sheets for Choolwe & Co Ltd for the years ended 2017, 2018, and 2019 are as follows: 2017 2018 2019 Non Current assets KOOO KDOO KDOO 13,200 16,110 16,410 Plant and Equipment Current assets 2,190 2,280 2,490 2,040 2,280 2,490 4,200 1.800 1,290 Inventory Trade debtors Short-term investments Cash at bank and in hand Creditors: amounts falling due within one year Short-term loans 1.920 1.650 2,160 12.340) 12,580) (2,550) Trade creditors 12,760) (2610) (2,670) (3601 (420) ISBON Taxation Total current liabilities 5.460 5.610 5.750 4,890 2,220 2,620 18,090 18.330 19,030 960 1.020 Net current assets Total assets less current liabilities Other data Income before tax Tax on annual profit Tax paid during the year Annual depreciation Dividends declared and paid 1.590 530 360 300 350 420 645 780 900 360 360 In 2015, equipment was sold at a loss of K210,000. New Equipment in 2015 cost K5,100 000 and in 2016 cost K1,200.000. Income transferred to other reserves in 2015 and 2016 amounted to K780 and K510 respectively 1 REQUIRED: Prepare a statement of cash flows for 2018 and 2019 in accordance with FSR 1 and how they would be presented under 1A57