Section C Statement of Cash Flows (20 marks) Below are the financial information for SUN Company Limited for the year ended 31 March, 2017 and 2016. SUN Company Limited Statement of Financial Position 31 March 2017 2016 $ $ $ $ Property, plant and equipment Plant 2,500,000 2,190,000 Less: Acc. Depreciation-plant (904,000) Equipment 420,000 Less: Acc. Depreciation-equipment (56.000) 1,596,000 (852,000) 210,000 364,000 (28,000) 1,338,000 182,000 Current assets Merchandise inventory 360,000 324,000 Accounts receivable, net 344,000 360,000 Cash and cash equivalents 28,000 732,000 16,000 700,000 2,692,000 2,220,000 Equity Share capital, ordinary at $1 par 800,000 600,000 Share premium, ordinary 319,000 200,000 Share premium, treasury 1,000 Retained earnings 812,000 704,000 Less: Treasury shares 100,000 Total equity 1,832,000 1,504,000 Non-current liabilities 8% bonds payable 200,000 400,000 Current liabilities Accounts payable 485,000 182,000 Accrued liabilities 72,000 52,000 Income taxes payable 15,000 10,000 Dividends payable 88,000 660,000 72,000 316,000 Total liabilities 860.000 716,000 Total equity and liabilities 2,692,000 2,220,000