Answer Happy

The following balance sheet extract was obtained from the books of Furley Ltd as at December 2021: 2021 2022 Current assets Closing stock Debtors Bank Cash Short term investments 22.500 65,500 0 5.500 35,500 48,500 32,250 55,000 13,000 12,000 Current liabilities Creditors Tax payable Interest payable Dividends payable Bank overdraft 33,500 12,500 34,000 17.500 35,000 21.000 34,500 21,000 22,250 0 How much is to be shown as net change in cash and cash equivalents for 2022? O a. ($74,000) b. $4,000 C. ($4,000) O d. $74,000