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2 Using the information below, complete (i) the operating cash flow section of the Statement of Cash Flows and (ii) the note to the accounts
2 Using the information below, complete (i) the operating cash flow section of the Statement of Cash Flows and (ii) the note to the accounts for Noosa Ltd. Your presentation must be consistent with the requirements of AASB107. Ignore tax. The balances of selected accounts of Noosa Ltd at 30 June 2022 and 30 June 2023 were ($000): Cash Inventory Accounts receivable Allowance for doubtful debts Land Plant Accumulated depreciation Accounts payable Rent payable Salaries payable Share capital Sales (on credit) Cost of goods sold Doubtful debts expense Rent expense Salaries expense Depreciation expense Additional information: net profit after tax for financial year 2023 was $1740. reporting date is 30 June Required: (i) Noosa Ltd's operating cash flow section extracted from the Statement of Cash Flows for year ended 30 June 2023 (Direct Method) (T-account template: ACCT3007 T-account Template.docx) (ii) Reconciliation of net cash by operating activities to net profit 2022 2023 3250 1150 3720 4350 3200 4530 620 490 3600 3600 2550 2980 510 430 3500 3700 60 20 80 30 900 900 7380 6210 1980 2640 340 450 620 590 730 620 260 170
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