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Wakanda Mnlla has presented the following financial data for 2017: Condensed Income Statement Tangible asset costing $0 , 000 with depreciation of $25 , 000 was sold for a loss of $55 , 000 . Required : a. Prepare the cash flow statement for the year 2017 b. Select appropriate items in the cash flow to comment on the state of liquidity and profitability of the company.

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Wakanda Mnlla has presented the following financial data for 2017: Condensed Income Statement Tangible asset costing $0 , 000 with depreciation of $25 , 000 was sold for a loss of $55 , 000 . Required : a. Prepare the cash flow statement for the year 2017 b. Select appropriate items in the cash flow to comment on the state of liquidity and profitability of the company

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