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Consider the following statement of cash flows for a small business, along with related comments. Select all of the comments that are true based on

Consider the following statement of cash flows for a small business, along with related comments. Select all of the comments that are true based on the data.

Cash Flow Statement for the year ended 30 June 2022:

Cash flows from Operating Activities

Cash received from customers

Cash paid to suppliers

Cash paid for utilities

Cash paid for advertising

Cash paid for interest

Cash paid for wages

Net cash flow from Operating Activities

278,000

(112,800)

(19,100)

(10,000)

(5,000)

(92,000)

39,100

Cash flows from Investing Activities

Cash paid for equipment

Cash received from sale of equipment

Net cash flow from Investing Activities

(72,000)

15,000

(57,000)

Cash flows from Financing Activities

Cash paid for drawings

Cash paid off loan

Net cash flow from Financing Activities

(32,000)

(10,000)

(42,000)

Net Cash Flow (59,900)
Cash balance at 1 July 2021 44,000
Cash balance at 30 June 2022 ($ 15,900)

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