Preparing a statement of cash flows

Presented below is information for Happy Homes Pty Ltd home renovation business for the year ended 30June 2021.

Expenses paid in cash $ 36 800	Repayment of Loan 700 000
GST Paid 5 560	Proceeds from Sale of Property 780 000
GST Net Payable 11 200	Interest Received 3 120
Cash paid for Equipment 46 800	Payments to employees 162 000
Payments to suppliers 312 000	Receipts from customers 546 000
Depreciation for the period 29 500	Dividends paid to Shareholders 80 000
Income taxes Paid 6 240	Cash balance at 1 July 2020 27 600

Rrequired:

1. Use the information to prepare a Statement of Cash Flows
2. Make two comments about the financial health of Happy Homes Pty Ltd