A comparison of the current assets and current liabilities of Duo Ltd for the years ended 30 June 2017 and 30 June 2018 revealed:

Duo Ltd	30 June 2009		30 June 2010
Current Assets
Accounts Receivable	49,000		36,000
Allowance for Doubtful Debts	- 5,000	44,000	- 5,000	31,000
Inventory		24,000		27,000
Interest Receivable Accrued		1,800		1,500
Prepayments		900		1,300
Current Liabilities
Accounts Payable		34,000		32,000
Dividends Payable		25,000		30,000
Current Tax Payable		3,800		5,000
Rent received in Advance		2,700		4,100
Accruals		1,000		400

 

Additional information

Operating profit after taxation is $104,000.

This figure includes:

Depreciation expense   $17,000

Loss on sale of plant      $25,000

Task 3

 

• Determine the cash flow from operating activities for the year ended 30 June 2018.