Question 1

Using the following information, you will need to answer the questions below.

Account	2019	2020
Sales Income		248,200
Interest Receivable	1,500	1,780
Interest Expense		3,600
Doubtful Debts Expense		6,200
Tax Payable	3,100	2,900
Wages Expense		38,400
Expenses Payable	4,900	6,300
General Expenses		21,500
Depreciation Expenses		12,100
Advertising Expense		6,300
Inventory	52,600	47,300
Interest Income		12,400
Accounts Payable	22,100	17,300
Insurance Expense		8,200
Accounts Receivable	38,500	32,100
Cost of Sales		112,700
Tax Expense		31,200
Interest Payable	700	900
Rent Expense		6,100
Prepaid Expenses	12,100	14,700

Required:

Complete the Cash Flow Statement Shown on the Next Page. You must show all calculations

Cash Flow Statement

For the Year Ending 30/6/20

	$	$
Receipts from Customers
Payments to Suppliers and Employees
Cash from Operations
Interest Received
Interest Paid
Tax Paid
Cash from Operating Activities

Calculations (Show your calculations here)