The following transactions occurred between 1 July 2015 and 30 June 2016 for AKH Limited, 

a. Issued share capital for $600 000 cash, 

b. Purchased $70 000 of inventory on credit, 

c. Paid $56 000 to accounts payable.
d. Sold inventory costing $120 000 for $340 000. All sales are on credit, 

e. Received $220 000 from accounts receivable, 

f. Paid dividends of $60 000.
g. Borrowed $200 000 on 1 July 2015. The loan is due on 30 June 2018 and carries a 10 per cent p.a. interest rate. Paid $8000 interest on this loan during 2016.
h. Paid wages of $180 000; wages of $40 000 had been earned by employees but not paid at year-end. 

i. On 1 June received a deposit of $80 000 for work to be carried out in the next year, 

j. Used $22 000 of electricity during the year for which the company has not yet been billed, k Paid a $24 000 insurance policy on 1 October 2015, covering 1 October 2015 to 30 September 2016. 

Required:
1. List all revenues for the year (including dollar amounts).
2. List all expenses for the year (including dollar amounts).
3. By how much did the cash balance increase during the year?