Question: Can you generate a cash flow statement based on the figure below? BOB'S MACHINERY Balance Sheet as at 30 June 2017 30/06/2016| 30/06/2017 Assets s

Can you generate a cash flow statement based on the figure below?

Can you generate a cash flow statement based on the figure below?

BOB'S MACHINERY Balance Sheet as at 30 June 2017 30/06/2016| 30/06/2017 Assets s S Bank 24,000 6,000 Land 289,000 285,000 Buildings 414,000 457,000 Accumulated depreciation buildings -98,000 -107,000) Plant and equipment 372,000 444,000 Accumulated depreciation plant and equipment -155,000 -189,000] Accounts receivable 166,000 204,000 Provision for doubtful debts -8,000 11,000 Inventories 231,000 197,000 SUBTOT 1,235,000 1,290,000 Liabilities Accounts payable 61,000 194,000 Accrued expenses 24,000 31,000 Provision for tax 52,000 61,000 Provision for dividend 50,000 50,000 8% debentures 350,000 SUBTOT 537,000 336,000 NET ASSET 698,000 954,000 Equity Share capital 584,000 General reserve Retained profits 114,000 TOT 698,000 -18,000 0 43,000 -9,000 72,000 -34,000 38,000 -3,000 34,000 55,000 133,000 7,000 9,000 0 -350,000 -201,000 256,000 235,000 66,000 -35,000 256,000 BOB'S MACHINERY Income Statement for the year ended 30 June 2017 30/06/2016] 30/06/2017 Sales $ $ Sales Cash 72,000 Sales Credit 2,708,000 Total Sales 2,780,000 Cost of goods sold Inventories 1/7/16 231,000 Purchases 1,850,000 Inventories 30/6/17 -197,000 Total COGS -1,884,000 Gross profit 896,000 Salaries 249,000 Interest on mortgage 46,000 Depreciation 67,000 Bad debts 9,000 Loss on sale of surplus plant 13,000 General expenses 345,000 -729,000 Profit before income tax 167,000 Income tax expense -61,000 Profit after income tax 106,000 Additional information Plant costing $89,000 was sold for 52,000 Provision for tax was paid during the year The dividend provided for was paid during the year An interim dividend of 525,000 was paid on 31/12/16

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