Bubba Ltd operates a fish market. For the year ended 30 June 2021, Bubba Ltd recorded a Profit after tax of $31,000 after deducting from sales of $450,000 the following expenses: cost of sales $265,000, depreciation on vehicles $40,000, bad debts $5,000, interest $15,000, other accrued expenses $69,500, and income tax $27,500. Bubba Ltd also recorded a discount received of $3,000.

The following additional information is available from Bubba Ltd statement of financial position as at 30 June 2021:

	2021	2020
	$	$
Accounts Receivable	39,300	27,800
Allowance for doubtful debts	(3,000)	(2,000)
Inventory	84,200	86,600
Prepaid expenses	17,000	12,000
Deferred tax asset	11,000	12,800
Accounts payable	48,000	45,000
Provision for employee benefits	20,000	17,000
Other accrued expenses	21,500	23,500
Interest payable	20,000	27,000
Current tax liability	13,000	16,200
Deferred tax liability	18,000	16,900

Required:

Calculate and prepare Cash Flows from Operating Activities (an extract from the Statement of Cash Flows) in accordance with AASB107 for the year ended 30 June 2021 Use the direct method. (16 marks)