The following data relate to Emporium Ltd:

	emporium LTD Income Statement for the year ended 30 June 2017
	INCOME Sales revenue EXPENSES Cost of sales Depreciation – machinery Depreciation – buildings Other expenses			$720 000 30 000 15 000 331 500			$1 215 000 1 096 500
	PROFIT						$  118 500

	emporium LTD Comparative Statements of Financial Position as at 30 June
				2016			2017
	assets Cash at bank Accounts receivable Inventory Investments Machinery (net) Buildings (net) Land			$  55 500 144 000 120 000 15 000 225 000 150 000   67 500			$  39 000 135 000 150 000 18 000 300 000 240 000 150 000
				$777 000			$1 032 000
	LIABILITIES AND EQUITY Accounts payable Expenses payable Mortgage payable Share capital Retained earnings			$  97 500 6 000 132 000 375 000 166 500			$  112 500 4 500 225 000 450 000 240 000
				$777 000			$1 032 000

Additional information

(a) Dividends were paid during the year.

(b) The increases in investments and machinery were from cash purchases.

(c) The increases in land and buildings were from purchases but were partly funded by an increase in the mortgage with the bank.

(d) Share capital was issued during the year for cash.

Required

A. Prepare the statement of cash flows for Emporium Ltd for the year ended 30 June 2017, using the direct method.

B. Prepare the note reconciling cash flows from operating activities to profit.

C. Prepare a note to disclose non-cash financing and investing activities.