QUESTION - Cash Flow Statement You are provided with the following financial information in relation to the activities of A Business. A BUSINESS COMPARATIVE BALANCE SHEET AS AT JUNE 30 2020 2019 $ $ Assets Cash at Bank Accounts Receivable Interest Receivable Inventory Prepaid Expenses Equipment less Accum. Depreciation 41,000 33,500 2,500 78,000 4,000 300,000 (60.000) 399.000 14,000 28,700 1,300 56,000 8,000 150,000 (42,000) 216,000 17,100 Liabilities Accounts Payable Interest Payable Expenses Payable Tax Payable Loan Payable 900 17,600 1,600 4,800 2,000 120,000 3,400 2,600 Equity Capital 253,000 399.000 192.000 216.000 (continued.............. A BUSINESS INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2020 $ $ Net Sales 554,000 6,000 360,000 200,000 Interest Income Cost of Sales Less Expenses: Depreciation Operating Expenses Discount Allowed Doubtful Debts Interest Expense Profit before tax Income tax expense Profit 18,000 110,000 700 1,300 4.000 134.000 66,000 10.000 $56.000 Additional information: Assume all transactions are for cash unless specified otherwise The owner withdrew $30,000 cash during the period for personal use REQUIRED: Please go to the next page to see what you must do for this question. Required: Calculate the following items: a. Cash receipts from customers b. Total purchases C. Cash paid for purchases d. Cash paid for expenses e. Cash received from interest income f. Cash paid for interest 9. Cash paid for tax h. Cash received from the sale of non-current assets i. Cash paid for the purchases of non-current assets - Cash borrowed/repaid for loan k Cash received from capital contributions 1 Cash paid for drawings