QUESTION $2$

REQUIRED

Study the information provided below and answer the following questions:

$2\mathrm{.}1$ Prepare the Cash Flow Statement of Empire Limited for the year ended $31$ December $2023.$

$2\mathrm{.}2$ Refer to your answer in question $2\mathrm{.}1$ and comment on the cash flows from investing activities.

INFORMATION

The following information was obtained from the accounting records of Empire Limited:

EMPIRE LIMITED

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED $31$ DECEMBER $2023$

$\backslash$table$[[,$R$],[$Sales$,9315000],[$Cost of sales,$(4545000)$