The following data are extracted from the financial statements of Flutes Ltd: 

Additional information: 

1. All sales are made on credit; there is no allowance for doubtful debts 

2. Sales revenue, $880 000 

3. Cost of goods sold, $620 000 

4. Salaries expense, $70 000 

5. Interest expense, $110 000 

6. Income tax expense on current year’s profits, $95 000. Calculate all cash flows revealed by the above data.

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Accounts receivable Inventory Salaries payable Accounts payable Interest payable Income tax payable 2019 $ 240 000 340 000 80 000 280 000 10 000 95 000 2018 $ 265 000 380 000 50 000 310 000 10 000 80 000