Abc trading provided following information :-

1. Prepare a Cash Flow Statement from the following information for the year ended 30 June 2021.

2. Prepare a Statement in accordance with AASB 107 reconciling net cash flows from

operating activities to operating profit after income tax.

Borrowed from NAB Bank	$22,500
Cash at the beginning of the year	$100,050
Cash received from Accounts Receivable	$136,000
Cash received from sale of equipment	$10,000
Cash paid for operating expenses	$36,300
Cash sales	$80,500
Credit purchases	$90,650
Current Tax paid	$15,650
Dividends received	$3,750
Depreciation expense	$13,100
Gain on Sale of land	$1,000
Interest Payments	$5,300
Loss on sale of Motor Vehicle	$3,400
Payments for inventory	$73,770
Payment for a new Motor Vehicle	$22,000
Purchase of shares in Blue Limited	$7,800
Sold land for cash	$45,000
Wages Paid	$29,050
Commission received	$9,700
Goodwill impairment	$14,450

Additional Information
30/06/2020		30/06/2021
Inventory	$11,500		$10,500
Accounts Payable	$17,700		$21,000
Prepaid Insurance	$7,000		$5,500
Proposed Final Dividend	$7,800		-
Provision for annual leave	$8,000		$2,000

1. Net profit after tax 50,230 dollars.

2. An item of plant costing $ 60,000 with a carrying value of $16,700 sold during 2020 for $20,000.

3. 25000 Shares issued at 1.50 each (Fully paid on Feb 2021).

4. Abc Trading paid an interim dividend in March 2021 of $4500 and the final proposed dividend from 2020.