Question 3:110 marks Prepare a basic cash now statement for Bi-Wheels Company Inc. showing the three different classifications. Calculate closing cash balance. i. Issued bonds for Dhs200,000 i. Purchased equipment for cash Dhs.32,000 ii. Paid Dhs.50,600 as dividends to shareholders iv. Invested in shares of the market leader Pacific Cycles Dhs. 12,000 v. Paid salaries of Dhs.30,400 vi. Received cash from customers Dhs.250,000 vii Borrowed Dhs.31,000 from a bank viii Paid interest on bonds Dhs. 16,000 ix. Sold off old truck for Dhs.15,000 Cash purchases Dhs.248,000 x. Inflow Outflow Balance 40,000 Opening cash balance Operating activities Net cash flows from operating activities Financing activities Net cash used in financing activities Investing activities Net cash used in investing activities Closing cash balance