The following statements was extracted from the books of ShafNita Sdn. Bhd. at 31 December 2019 and 2020.
Additional information:
*Fixtures bought in 2020 cost RM800.
*Van bought in 2020 cost RM11,000.
Prepare statement of cash flow for ShafNita Sdn. Bhd. for the year ended 31 December 2020.
Extracted text: ShafNita Sdn. Bhd. Statement of Financial Position as at 31 December 2019 2020 RM RM RM RM Non Current Assets Building Fixtures less accumulated depreciation Van less accumulated depreciation 100,000 100,000 3,600 4,000 7,840 111,440 14,800 118,800 Current Asset Inventory 11,200 24,800 Trade account receivable 12,800 16,400 Bank 1,800 Cash 440 400 26,240 41,600 Total assets 137,680 160,400 Finance by: Capital account: Balance at 1 January 74,080 105,080 Add: Net profit for the year 70,400 42,320 Cash introduced 20,000 144,480 167,400 Less: Drawings (39,400) (43,200) 105,080 124,200 Non Current Liabilities Loan (repayable in 10 years time) 20,000 30,000 Current Liablities Account Payable 12,600 6,012 Bank overdraft 188 Retained earnings 32,600 36,200 Total liabilities and equity 137,680 160,400