Using the information below, complete (i) the operating cash flow section of the Statement of Cash Flows

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Question:

Using the information below, complete (i) the operating cash flow section of the Statement of Cash Flows and (ii) the note to the accounts for Noosa Ltd. Your presentation must be consistent with the requirements of AASB107. Ignore tax. The balances of selected accounts of Noosa Ltd at 30 June 2022 and 30 June 2023 were ($000):

	2022	2023
Cash	3250	1150
Inventory	3720	4350
Accounts receivable	3200	4530
Allowance for doubtful debts	620	490
Land	3600	3600
Plant	2550	2980
Accumulated depreciation	510	430
Accounts payable	3500	3700
Rent payable	60	20
Salaries payable	80	30
Share capital	900	900
Sales (on credit)	7380	6210
Cost of goods sold	1980	2640
Doubtful debts expense	340	450
Rent expense	620	590
Salaries expense	730	620
Depreciation expense	260	170

Additional information:

net profit after tax for financial year 2023 was $1740.

reporting date is 30 June

Required:
(i) Noosa Ltd's operating cash flow section extracted from the Statement of Cash Flows for year ended 30 June 2023 (Direct Method) (T-account template: ACCT3007 T-account Template.docx)
(ii) Reconciliation of net cash by operating activities to net profit