4. Extract from statement of financial position of Company X is presented below: Note 31.dec16 31.dec15 Plant and equipm

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4 Extract From Statement Of Financial Position Of Company X Is Presented Below Note 31 Dec16 31 Dec15 Plant And Equipm 1 (43.53 KiB) Viewed 46 times

4. Extract from statement of financial position of Company X is presented below: Note 31.dec16 31.dec15 Plant and equipment 20 000 5 000 Rights of usage 18 000 3 000 Loans provided 15 000 Retained earnings 30 000 10 000 Additional information: 1. Depreciation of plant and equipment for 2016 year was 4,000 2. One unit of equipment was sold for 1,000 generating loss of 2,000 3. Depreciation of rights of usage for 2016 was 3,000 4. Net profit for 2016 was 35,000 and Company X has no dividends payable at years end. Requirement Using only information provided prepare investing and financing section of cash flow statement for the year ended 31 dec 2016 (show you workings clearly)