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19. Benito Company reported the following information for the financial year ended 30/06/2020: Profit from ordinary activities before income tax expense $986,000 Cash received from

19. Benito Company reported the following information for the financial year ended 30/06/2020:

Profit from ordinary activities before income tax expense

$986,000

Cash received from customers / Accounts receivables

80,000

Paid to suppliers / Accounts payable

80,000

Cash received from the sale of Land

28,000

Obtained a loan from Good Bank

60,000

Purchase a motor vehicle for cash

80,000

Share issues

120,000

Salary & wages paid

16,000

Dividend paid

14,000

Annual leave paid

20,000

Interest received from an investment

4,000

Purchased building for cash

40,000

Cash & Cash equivalents as of 01/07/2019

40,000

Loss of sale on land

60,000

Accrued wages

50,000

Trade stock as of 30/06/2020

15,000

Cost of goods sold

450,000

Provision for warranties

90,000

Required:

l. What is the net cash inflow (outflow) from operating activities?

ll. What is the net cash inflow (outflow) from investing activities?

lll. What is the net cash inflow (outflow) from financing activities?

IV. Determine the cash & cash equivalents as of 30/06/2020.

V. Determine the total cash flow from operations as of the end of the year. Opening Balance of Cash at the start of the year is $100,000.

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