L SECTION B Attempt all SIX (6) questions from Section B. Question 21 Harry's Hardware had the following cash transactions over the financial year ending 30 June 2021. Opening cash balance, 1 July 2020, was $5,390, closing cash balance, 30 June 2021, was $6,095. + Transaction Amount Owner's Contribution $30,000 Payment to employees $6,280 Sold equipment $12,000 Cash sales $80,275 Drawings $3,500 Paid bank interest $460 Purchased motor vehicle $70,000 Paid supplies for inventory $40,080 Income Tax paid $1,250 Required: a. Prepare a Cash Flow statement for Harry's Hardware for the year ending 30 June 2021 using the information provided. [9 marks] b. Explain why sales made on credit terms are not included in the Cashflow Statement. Your answer should include an explanation of the difference between accrual and cash accounting. [6 marks] [Total for Question 21 = 15 marks]