ACCY200. Autumn 2018, Special Question 9 (due in weck 13 tutorinl The following information is available as at 30 Junc 2016 Statement o Financial Position As at 30 June 2016 2016 2015 Cash at bank Bark balls Accounts Receivable Allownnce for doubtful dehts 25,100 10,000 18900 (1,900) 48,3U0 7,500 6,100 120,000 (47,000) 47,100 Prepaid insurance Deterred tax assct Machinery (cost) Accumulated depreclation -machinery Land 7,200 47,500) Linbilities & Equity Bark overdraft Accounts payuble Provision for employee benefits nterest payable Current tax liability Final dividend payable 2,220 46,280 9,500 19,000 7,500 19,000 0.500 6.750 21,000 137.500 11,500 747,500 57.250 Defered tax liability Share capial Retained earnings Total 10,000 86,000 Statement of Profit & Loss for lhe year ended 30 June 2016 1,397,300 Dividend revenue 1,402,300 Cost of sales Loss co sale of machincry Bad dehts expense Depreciatica on macincry Employee expenses Insurance expense Interest expcnsc 933,000 2,000 2,800 0,500 410,000 8,950 Profit before ax Income tax cxpense Profiz after tax Addisional information: Machinery with a curying amount of s20,000 was sold ser cash at a loss of S2,000. Land was partly purchased by issuing 25,000 shares a! S1 each, tbe rumainder being naid in cash. .An interim dividend was paid in cash during the year Prepare a srrement of cash flows in accordance with AASB107 for the year ended 30 Junc 2016 (use the direcl methud when presenting cash Dows frum uperating activities)