a5 (Max marks: 16) The following data is available from ABC Ltd.'s accounting records for the year ended 30 June 2016 a) Purchase of non-current assets, $55,600 Sales Revenue for the year, $750,000 Cash receipts from issue of bills payable, $14,000 Payment of bills payable, $50,000 b) c) d) Cash receipts from sale of non-current assets, $10,500 Cash receipts from dividends, $4,300 f) g) Payments to suppliers, $488,200 Interest expense & payments $11,500 Payments of salaries, $86,500 Income tax expense & payments, $39,200 Depreciation expense, $53,700 h) j) k) Collection from customers, $693,100 Payment of cash dividend, $37,800, payment of bonus dividend $37,800 Cash receipt from issue of ordinary shares, $74,400 m) n) Cash balance: 30 June 2015, $36,600; 30 June 2016, $64,110 o) Required: Prepare ABC Ltd.'s cash flow statement for the year ended 30 June 2016, using the direct method (Marks: 16) E E O