Question 1

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

Account	2019	2020
Sales Income		186,300
Interest Receivable	1,200	700
Interest Expense		1,300
Doubtful Debts Expense		3,200
Tax Payable	2,800	1,900
Wages Expense		29,600
Expenses Payable	7,900	4,300
General Expenses		11,300
Depreciation Expenses		8,100
Inventory	41,200	39,600
Interest Income		6,900
Accounts Payable	12,400	9,500
Accounts Receivable	32,100	35,500
Cost of Sales		97,600
Tax Expense		20,700
Interest Payable	300	200
Rent Expense		6,100
Prepaid Expenses	3,100	2,700

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)