1 11 Points The following financial statement balances are for Potions and Lotions Aromatherapy Ltd for the financial year ending 30th June 2021: Account: $ 800 Accounts payable 49,500 Accounts receivable 4,500 Accumulated depreciation (Building) 66,600 Advertising expense 67,500 Building 756,000 Capital 1st July 2020 369,000 Cash 13,500 Cost of goods sold 202,500 Questions Filter (4) Account: $ 808 Accounts payable 49,500 Accounts receivable 4,500 Accumulated depreciation (Building) 66,600 Advertising expense 67,500 Building 756,000 Capital 1st July 2020 369,000 Cash 13,500 Cost of goods sold 202,500 Depreciation expense 22,500 Equipment 72,000 Insurance expense 11,250 Interest expense 31,500 Loan payable 144,000 Rates expense 11,700 Rent 58,500 Retained Earnings 1st July 2020 135,000 Salary expense 67,500 Salary payable 5,850 Sales revenue 864,000 Supplies 45,000 ? Question 2 11 Points The information below relates to Omega Ltd for the year ended 30th June 2021: Account Bank balance 1 July 2020 (143,000) Cash from interest received 133,250 Cash paid to purchase equipment 260,000 Cash paid to suppliers 1,249,300 Cash received from customers 1,911,000 Cash received from sale of investments 357,500 Depreciation of equipment 231,400 Dividends paid 188,500 Income tax paid 130,000 Interest paid 195,000 Issued shares in exchange of block of land 650,000 Loss on sale of equipment 409,500 Net profit 299,000 Payments for wages and expenses Proceeds from borrowing 162,500 42,900 Required: a) Prepare the Statement of Cash Flow for the year ending 20th June 2021. (8 marks) b) Identify two warning signals that may indicate a business is in financial trouble simply by analysing the Statement of Cash Flow. (3 marks) C The information below relates to Omega Ltd for the year ended 30th June 2021: Account Bank balance 1 July 2020 $ (143,000) Cash from interest received 133,250 Cash paid to purchase equipment 260,000 Cash paid to suppliers 1,249,300 Cash received from customers 1,911,000 Cash received from sale of investments 357,500 Depreciation of equipment 231,400 Dividends paid 188,500 Income tax paid 130,000 Interest paid 195,000 Issued shares in exchange of block of land 650,000 Loss on sale of equipment 409,500 Net profit 299,000 Payments for wages and expenses Proceeds from borrowing 162,500 42,900 Required: a) Prepare the Statement of Cash Flow for the year ending 20th June 2021. (8 marks) b) Identify two warning signals that may indicate a business is in financial trouble simply by analysing the Statement of Cash Flow