The following information relates to Sandra Limited.

Additional information (dollar amounts expressed in full units):

a. The equipment that was sold was originally purchased by Sandra Limited three years ago at a cost of $300 000.

b. Land with an original value of $240 000 was revalued to $290 000.

Required:
Prepare a statement of cash flows for Sandra Limited for the year ended 30 June 2016.

Transcribed Image Text:

Current assets Cash Accounts receivable Allowance for doubtful debts Inventory Prepaid insurance Noncurrent assets Land Equipment Accumulated depreciation - equipment Total assets Current liabilities Accounts payable Accrued other expenses Interest payable Income tax payable Noncurrent liabilities Comparative balance sheets Borrowings Total liabilities 30 June 2016 $000 193 400 (50) 420 30 605 (80) 2030 (690) 2938 210 120 40 780 770 1920 30 June 2015 $000 240 470 (47) 380 40 620 (40) 1455 (560) 2598 290 140 40 680 1100 2250