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Answer is provided in the question but can you please show all the working outs to get to the answers provided. Statement of cash flows
Answer is provided in the question but can you please show all the working outs to get to the answers provided.
Statement of cash flows Comnarative information as at 30 lune 2023 and 30 lune 2024 for Declare Itd is as follows. Additional information 1. Gross profit for the year ended 30 June 2024 was $160,500, and consisted of the following. 2. Purchases of inventory for the year were $272,500. 3. All purchases and sales of inventories were on credit. 4. Profit for the year ended 30 June 2024 was $31,250, after deducting expenses of $129,250 from the gross profit figure. 5. Expenses of $129,250 include depreciation on buildings, and on plant and equipment a loss on sale of land, and $5,000 in interest expense. 6. During the year ended 30 June 2024, cash dividends were paid. 7. Building extensions were paid for during the year, and a block of land, costing $37,500, was sold for $31,250 cash. 8. No plant was purchased or sold during the year. Required (a) Prepare the statement of cash flows for Declare Ltd for the year ended 30 June 2024
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