Fast Feet Couriers Limiteds Balance Sheets as at 30 June 2016 and 2017 were as follows:

Fast Feet Couriers Limiteds Balance Sheet as at 30 June
	2017	2016
ASSETS	$	$
Current Assets
Cash
Accounts Receivable	140,000	260,000
Provision for Doubtful Debts	(21,000)	(20,000)
Inventory	420,000	240,000
Prepaid Insurance	3,000	4,000
	542,000	484,000
Non-Current Assets
Land	230,000	230,000
Buildings	200,000	200,000
Accumulated Depreciation Buildings	(75,000)	(50,000)
Plant & Equipment	300,000	280,000
Accumulated Depreciation Plant & Equipment	(70,000)	(45,000)
	585,000	615,000
TOTAL ASSETS	1,127,000	1,099,000
LIABILITIES AND OWNERS EQUITY
Liabilities
Bank Overdraft	140,000	176,000
Accounts Payable	260,000	260,000
Accrued Wages (Wages Payable)	60,000	40,000
Provisions Other Operating Expenses	0	20,000
Current Tax Payable	7,500	3,000
Zero-coupon debenture (Non-Interest Bearing Loan)	229,500	200,000
	697,000	699,000
Owners Equity
Share Capital	90,000	60,000
Asset Revaluation Reserve	20,000	0
General Reserve	60,000	90,000
Retained Profits	260,000	250,000
Total Equity	430,000	400,000
TOTAL LIABILITIES AND OWNERS EQUITY	1,127,000	1,099,000

The companys Income Statements for the year ended 30 June 2017 and general ledger revealed the following information:

Fast Feet Couriers Limiteds Income Statement
for the year ended 30 June 2017
	$	$
Revenue
Net Sales	300,000
Cost of Goods Sold	160,000
Gross Profit	140,000
Other income
Interest	20,000
Gain on Sale of Equipment
(Carrying Amount: $50,000)	20,000	180,000
Expenses
Wages Expense	60,000
Other operating expenses	40,000
Depreciation Expense - Buildings	25,000
Depreciation Expense - Plant & Equipment	35,000
Doubtful Debt Expense	2,000
Insurance Expense	1,800	163,800
Net Profit BeforeTax		16,200
Income Tax Expense		9,000
Net Profit After Tax		7,200

Additional Information:

Fast Feet Couriers classifies interest as operating cash flow.

Fast Feet Couriers issued $10,000 in bonus shares.

The company measures its plant & equipment at fair value.

Required:

Using the direct method, complete the schedule below. You are only required to prepare the Cash flows from Operating Activities part of the Cash Flow Statement for the year ended 30 June 2017 in accordance with AASB 107. You may use the reconstruction of the T-accounts or formula method or both. Show all workings.

Cash Flows from Operating Activities:	$	$
			(5 marks)
			(11 marks)
Net Cash generated/used from operations			(0.5 marks)
			(1 mark)
			(2 marks)
Net Cash Used in Operating Activities			(0.5 marks)

Show All Workings