count board Home Subject Outline Announcements Modules Assignments (Time recommended: 15 minutes) MU Ltd is required to prepare a Cash Flow Statement for the year ended 30 June 2021. Net profit for the financial year was $214,000. 7 pts Accounting information for MU Ltd 30 June 2020 30 June 2021 Discussions urses Reading List Cash Accounts Receivable $136,000 $555.000 $72,000 $44,000 ndar Quizzes Inventory $175,000 $190,000 Marks My Media Prepaid Rent $75,000 $59,000 Delivery Van $107,200 $107.200 Media Gallery Accumulated Depreciation Delivery Van $11,500 $27,580 ery Zoom Accounts Payable $99,500 $77,600 Qwickly Attendance Interest Payable $21,000 $35,000 Long-term Loan $200,000 $275,000 Ordinary Share Capital $240,000 $330,000 On 31 December 2020, MU Ltd carried out another ordinary share issue where 10,000 shares were sold. On 1 April 2021, MU Ltd engaged in additional loan borrowing from the bank to assist in managing cash flows. Required: Using the balance sheet information and additional notes provided above, prepare the operating activities section of the Cash Flow Statement using the indirect method. (7 marks) Note: Only the operating activities se auto.proctoru.com is sharing your screen. Stop sharing. Hide +