3 Question 1 7 l The 2017 accounting records of Flypaper Airlines Ltd reveal these transactions and events. . The opening cash balance is $12,500. 1 'Payment.ofinterest"~ ' 7f. _ \"f, ,-$15,000:' 1 Collection of accounts receivable $190,000 Cash sales _ 60,000 Payment of salaries and wages 68,000 I! "Receipt of dividend revenue 7 7' .- 14,000 3 Depreciation expense 16,000' . l Payment of income tax . _ 16,000 Proceeds from sale of aircraft 812,000 g I Prot ' ' ' ' _ _ ?' 38,000 Purchase of equipment for cash 221000 " l Payment of accounts payable for inventory 100,000 Loss on sale of aircraft 3,000 ! Payment for land ' - y ; 74,000 Payment of dividends 14,000 E Payment of operating expenses 20,000 i l l . , Prepare the statement of cash flows for Flypaper Airlines Ltd for the year ending 30 June 2017. I (Not all of the items will be used. For multiple items, list in order of magnitude. Enter all amounts as positive numb. : i Flypaper Airlines Ltd. : 1 Statement of cash flows For the year ending 30 June 2017