1 Covid Ltd has provided you with the following general ledger account balances: 31 March 2022 31 March 2021 $ S Sales Cost of goods sold Doubtful debt expense 890 000 380 000 1 800 Accounts receivable 79 800 74 000 Allowance for doubtful debts 2 900 2 600 Inventory 40 000 49 500 Accounts payable 52 200 48 960 GST 45 000 Dr 10 000 Cr Additional information: Covid Ltd uses the direct method for reporting cash flows from operating activities. The GST rate is 15%. Required: (i) Complete the general ledger accounts provided in the answer booklet. (ii) Prepare the cash flows from operating activities (CFOA) section of the Statement of Cash Flows for the year ended 31 March 2022 for Covid Ltd. (i) General ledger accounts: $ Inventory $ Accounts receivable Net of GST GST $ GST inclusive Net of GST GST $ GST inclusive GST receivable/payable $ Accounts payable Net of GST GST SGST inclusive $ Net of GST GST SGST inclusive (ii) Allowance for doubtful debts $ $ The CFOA section of the Statement of Cash Flows for the year ended 31 March 2022 for Covid Ltd: Covid Ltd Statement of Cash Flows for the year ended 31 March 2022 Cash flows from operating activities: Check