a) Indicate whether the following items are cash Inflows / cash Outflows or Non-Cash Flows (NCF). If it is a cash flow, classify the cash flow as operating, investing or financing. (4 marks)

1	Sale of inventory for cash
2	Purchased land costing $1,250,000 with deposit 250,000 and mortgage of 1,000,000
3	Issued ordinary shares
4	Issued bonus shares

(Type your responses directly into the template in the text box below.)

b) The partial financial information of Bristol Ltd is provided as below.

Bristol Ltd
Comparative information from balance sheet
As at 30 June 2020
	2020 ($)	2019 ($)
Assets
Cash	147 000	57 600
Account receivables	136 200	49 500
Inventories	168 750	154 275
Prepaid expenses	27 600	24 000
Investments	162 000	141 000
Plant and machinery	405 000	363 750
Accumulated depreciation	(75 000)	(78 000)
Liabilities and equity
Account payable*	138 000	100 950
Accrued expenses payable	25 050	25 500
Debentures payable	127 500	150 000
Share capitals	330 000	277 500
Retained earnings	351 000	158 175

*Accounts payable pertain to inventory creditors

Bristol Ltd
Information from income statement
For the year ended 30 June 2020
Sales		$513 000
Less:
Cost of sales	$173 190
Operating expenses, including depreciation**	88 365
Income tax	10 500
Interest expense	3 345
Loss on sale of machinery	11 250	286 650
Profit		$226 350

**Depreciation expense is at the amount of $69 750.

Required:

a) calculate the cash receipts from customers to be included in the Statement of Cash Flows for the year ended 30 June 2020. (2 marks)

b) calculate the cash paid to suppliers to be included in the Statement of Cash Flows for the year ended 30 June 2020. (2 marks)

c) calculate the cash paid for operating expenses to be included in the Statement of Cashflows for the year ended 30 June 2020. (2 marks)

You may use either the formula or T-account method to calculate your answer. Show your workings.

(Type your response directly into the template in the text box below.)