COBE From the following information, prepare a Budgeted Statement of Cash Flows for the month of August 2022 (15 marks) Balance Sheet as at 31 July 2022 Assets Accounts Receivable 6,500 Liabilities Cash at Bank 1,000 Inventory 9,900 Accrued Wages 800 Accounts payable 9,000 Computers 18,700 Loan 10,000 20,800 Less Accum. Dep. 7,500 11,200 Owner's Equity Capital 6,800 $27,600 $27,600 Additional Information Salar f From the following information, prepare a Budgeted Statement of Cash Flows for the month of August 2022 (15 marks) Balance Sheet as at 31 July 2022 Assets Liabilities Accounts Receivable 6,500 Cash at Bank 1,000 Inventory 9.900 Accrued Wages Accounts payable 800 9,000 Computers 18.700 Loan 10.000 20,800 Less Accum. Dep. 7,500 11,200 Owner's Equity Capital $27,600 6,800 $27,600 Additional Information Sales for the month of August are expected to be on credit $7,000 plus GST and for cash $65,000 plus GST 90% of account receivables from July are expected to pay in August All purchases are made on credit and in August total purchases are expected to be $15,000 (plus GST $1,500) All account payables are paid in the month after purchase. Depreciation on the computers will be $6,000 for the month. Wages of $2,000 will be paid in August, along with the $800 wages owing from the month of July. The company will pay $1.100 in advertising (incl GST) and $700 in cartage out + GST A second-hand vehicle will be purchased in the last week of August. The vehicle is expected to cost $19,000 (no GST), A 30% deposit was paid in July and the balance will be paid in August An old computer will be sold for expected proceeds of $200. An additional loan of $5,000 will be received on the last day of August. The business pays interest on the loan on the last day of each month. The interest rate is 9% per annum. The owner is expected to contribute $20,000 cash in August and take drawings of $500 per week