Financial figures of the business of C. Wilson for the last 2 years are shown below.

C. WILSON Comparative Statements of Financial Position as of 30 June
		2020				2021
ASSETS Cash at bank Accounts receivable Inventory Plant and equipment Accumulated depreciation – plant and equipment		$9 000 4 200		$ 4 200 14 400 4 800		$10 800 4 500		$ 2 820 5 100 16 800 6 300
Land Buildings Accumulated depreciation – buildings		12 000 600		12 000 11 400		12 000 840		6 000 11 160
				$46 800				$48 180
LIABILITIES AND EQUITY Accounts payable Bank Overdraft C. Wilson, Capital				$ 7 200 3 000 36 600				$ 7 800 — 40 380
				$46 800				$48 180

The income statement for the business for the year ended 30 June 2021 reveals the following details:

C. WILSON Income Statement for the year ended 30 June 2021
INCOME Sales revenue OTHER INCOME Gain from sale of land		$ 18 000 2 400
EXPENSES Cost of sales Depreciation of plant and equipment Depreciation of buildings Loss of sale of plant Other expenses	$9 600 1 200 240 180 2 640	20 400 13 860
PROFIT		$6 540

Additional information

1. During the year ended 30 June 2021, Wilson withdrew $30 per week in cash for 52 weeks for private purposes.

2. Wilson also withdrew $1200 from her business bank account to pay her personal income tax.

3. Land, shown in the accounts at $6000, was sold during the year for $8400.

4. Plant costing $1800 and written down to $900 was sold for $720.

5. Ignore GST.

Required

Prepare a statement of cash flows for the year ended 30 June 2021 using the direct method.

Answer rating: 100% (QA)

Given sin 1x 2 sin x Find The value of x Solution sin 1x 2 sinx2 sin 1x ... View the full answer