$555,000 Accounts Receivable $72,000 $44,000 Inventory $175,000 $190,000 Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107,200 Accumulated Depreciation - $11,500 $27,580 Delivery Van Accounts Payable $99,500 $77,600 Interest Payable $21,000 $35,000 Long-term Loan $200,000 $275,000 Ordinary Share Capital $240,000 $330,000 On 31 December 2020, MU Ltd carried out another ordinary share issue where 10,000 shares were sold. On 1 April 2021, MU Ltd engaged in additional loan borrowing from the bank to assist in managing cash flows. Required: Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the indirect method auto.proctoru.com is sharing your screen. Stop sharing Hide $555,000 Accounts Receivable $72,000 $44,000 Inventory $175,000 $190,000 Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107,200 Accumulated Depreciation - $11,500 $27,580 Delivery Van Accounts Payable $99,500 $77,600 Interest Payable $21,000 $35,000 Long-term Loan $200,000 $275,000 Ordinary Share Capital $240,000 $330,000 On 31 December 2020, MU Ltd carried out another ordinary share issue where 10,000 shares were sold. On 1 April 2021, MU Ltd engaged in additional loan borrowing from the bank to assist in managing cash flows. Required: Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the indirect method auto.proctoru.com is sharing your screen. Stop sharing Hide $136,000 $555,000 Accounts Receivable $72,000 $44,000 Inventory $175,000 $190,000 Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107,200 Accumulated Depreciation $11,500 $27,580 Delivery Van Accounts Payable $99,500 $77,600 Interest Payable $21,000 $35,000 Long-term Loan $200,000 $275,000 Ordinary Share Capital $240,000 $330,000 On 31 December 2020, MU Ltd carried out another ordinary share issue where 10,000 shares were sold. On 1 April 2021, MU Ltd engaged in additional loan borrowing from the bank to assist in managing cash flows. Required: Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the indirect method auto.proctoru.com is sharing your screen. Stop sharing Hide $136,000 $555,000 Accounts Receivable $72,000 $44,000 Inventory $175,000 $190,000 Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107,200 Accumulated Depreciation $11,500 $27,580 Delivery Van Accounts Payable $99,500 $77,600 Interest Payable $21,000 $35,000 Long-term Loan $200,000 $275,000 Ordinary Share Capital $240,000 $330,000 On 31 December 2020, MU Ltd carried out another ordinary share issue where 10,000 shares were sold. On 1 April 2021, MU Ltd engaged in additional loan borrowing from the bank to assist in managing cash flows. Required: Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the indirect method auto.proctoru.com is sharing your screen. Stop sharing Hide ded: 15 minutes) MU Ltd is required to prepare a Cash Flow Statement for the year ended 30 June 2021. Net profit for the financial year was $214,000. Accounting information for MU Ltd 30 June 2020 30 June 2021 Cash Accounts Receivable $136,000 $555,000 $72,000 $44,000 Inventory $175,000 $190,000 Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107,200 Accumulated Depreciation - $11,500 $27,580 Delivery Van $99 500 $77,600 Accounts Payable II auto.proctoru.com is sharing your screen. Stop sharing Hide $35.000