Required:

2.1.Fill in the missing figures in the note to the Statement of financial position for Fixed assets.

2.2.Prepare the Cash Flow Statement for the year ended 31 December 2021.

2.3.The business bought a significant amount of new fixed assets. What did they buy and how did they pay for these fixed assets? Provide figures to support your answer.

QUESTION TWO You are provided with figures extracted from the financial statements of Labo Limited Information: Laloo Limited Statement of Comprehensive income for the year ended 31 December 2021 Laloo Limited Statement of Financial Position as at 31 December 2021 A portion of the land and buildings were sold at book value. The vehicles were purchased on the last day of the accounting period and all the depreciation relates to equipment