Assume al Sales and purchases were on credit and income tax expense is included in other expenses The long term loan paymen80,000t was What is the total amount of cash recived from debtors for the period ended 30/8/20'67 Sales 1390000 cost of sales 920,000 gross profit 470000 other expenses 420000 Q1 Operating profit 50000 Statement of financial postion at 30 june 20'8 and 30 june 20 30'6"6 30'6'5 cash $320,000.00 $ 100 000 00 Accounts recivable $290,000.00 $ 450,000.00 Inventory $100,000.00 $ 200,000.00 current assets $710,000.00 $ 750,000.00 plant & equipment 51.000.000.00$ 900,000.00 less accurMed deperiatin -$190 000 000 $ 90,000.00 Goodwill $600 000 000 000 000 00 less accurated amortisation 590,000.00 80,000.00 Non-current assets $1320,000.00 5 1 350,000.00 croitors $750,000.00 $ 840.00000 Current liabilities $750,000.00 $ 140,000.00 long term loan $700,000.00 730,000.00 Non-current liabilities $700,000.00 $ 730,000.00 Paid up capital $500,000.00 $ 500 000 00 Retained profit $80,000.00 30,000.00