Following are the balance sheets of Norton System as on 31 st December 2011 and 2012

($000)
Assets 2012 2011
Cash $ 363 $ 288
Marketable securities 68 51
Accounts receivable 503 365
Inventories 289 300
Total current assets $ 1,223 $ 1,004
Land and buildings $ 2,072 $ 1,903
Machinery and equipment 1,866 1,693
Furniture & fixtures 358 316
Vehicles 275 314
Other (includes financial leases) 98 96
Total gross fixed assets (at cost) $ 4,669 $ 4,322
Less: accumulated depreciation 2,295 2,056
Net fixed assets $ 2,374 $ 2,266
Total assets $ 3,597 $ 3,270

Liabilities and Stockholder’s Equity

Accounts payable $ 382 $ 270
Notes payable 79 99
Accruals 159 114
Total current liabilities $ 620 $ 483
Long term debt (includes financial leases) 1,023 967
Total liabilities $ 1,643 $ 1,450
Preferred stock- cumulative 5%, $ 100 par, 2,000
$ 200 $ 200
shares authorized and issued
Common stock- $ 2.50 par, 100,000 shares authorized,
shares issued and outstanding in 2012: 76,262, in 2011: 191 190
76,244
Paid-in-capital in excess of par on common stock 428 418
Retained earnings 1,135 1,012
Total stockholders’ equity $ 1,954 $ 1,820
Total liabilities and Stockholder’s Equity $ 3,597 $ 3,270
Income statement data for the year ended 31st December 2012 ($000)

Operating profits $ 418

Less: interest expense 93
Net profits before taxes $ 325
Less: Taxes 94
Net profit after taxes $ 231
Required:
Prepare Cash flow Statement of Norton Systems for the year ended 31 st Dec 2012.
Consider the following balance sheets and selected data from the income statement of City Corporation.
*Note: Selling expenses include depreciation of $500,000

Required:

Prepare Cash flow statement of City Corporation for the year ended 31 st December 2017.
 Statements of financial position at 30 April
2012 2011
$ $ $ $
Non-current assets
Plant and machinery 82 500 64 900
Office equipment 34 519 38 355
117 019 103 255
Current assets
Inventories 18 758 16 521
Trade receivables 17 623 12 517
Cash and cash equivalents 27 754 6 459
64 135 35 497
Total assets 181 154 138 752
Current liabilities

Trade payables 22 758 18 654

Taxation 5 350 4 200
28 108 22 854
Non-current liabilities
4% Debentures 2020 30 000 50 000
Total Liabilities 58 108 72 854
Equity
Ordinary share capital 60 000 40 000
Share premium 18 000 8 000
Retained earnings 45 046 17 898
123 046 65 898

Income statement for the year ended 30 April 2012

$
Profit from operations 34 548
Finance costs 1 600
Profit before taxation 32 948
Taxation 5 800
Profit attributable to equity holders 27 148

Additional information:

1 The debentures were redeemed at par.

2 Plant and machinery costing $27 500 was sold during the year for $10 000.
It had been depreciated by $19 600.
3 Additional machinery was purchased at a cost of $35 000. There is no
depreciation charge in the year of acquisition.
4 There were no acquisitions or disposals of office equipment during the year.
REQUIRED:
Prepare a statement of cash flows for the year ended 30 April 2012 in accordance with IAS 7