The following financial statements relate to Beauty Plus Ltd.

Additional information at 30 June 2016:
* There were no acquisitions or disposals of property, plant and equipment during the year and no accrued expenses.
Required

(a) Prepare a statement of cash flows for Beauty Plus Ltd for the year ended 30 June 2016 using the direct method.

(b) Prepare a statement of cash flows for Beauty Plus Ltd for the year ended 30 June 2016 using the indirect method.

(c) Comment on the net increase or decrease in cash and cash equivalents during the year and on whether it was the result of operating, investing or financing activities.

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Beauty Plus Ltd Statement of comprehensive income for the year ended 30 June 2016 E 104.900 Revenue Cost of sales Gross profit interest received Salaries Rent and rates Insurance Lighting and heating Telephone and internet Advertising (37,700) 67.200 100 (30,000) (15,000) (3,000) (1,500) (2,000) (500) Depreciation on equipment (4,000)