Grove Co started trading on 1 January 2017 with a 6% medium-term loan of 25,000 and a share issue which raised 40,000. The company purchased non-current assets for 30,000 paying 20,000 immediately in cash and signing a note payable for 10,000. During the year to 31 December 2017 the company entered into the following transactions:

1. Purchases from suppliers were 20,500, of which 2,500 was still unpaid at the year-end.
2. Wages and salaries amounted to 10,500, of which 800 was unpaid at the year-end.
3. Interest of 1,500 on the loan was fully paid in the year and also a repayment of the principal was made in the amount of 5,000.
4. Sales revenue was 35,000, including 2,500 trade receivables at the year-end.
5. Interest on cash deposits at the bank amounted to 80.

Use the following pro-forma to complete Grove Cos statement of cash flows by writing the appropriate amounts in the answer boxes. (Write the numbers only, do not write the euro symbol) NB! Show cash payments, i.e. outflows in brackets, e.g. like (3,500):

Grove Co

Statement of Cash Flows for the Year to 31 December 2017

Cash flows from operating activities
Cash received from customers
Cash paid to suppliers
Cash paid to employees
Interest paid
Interest received
Net cash flows from operating activities
Investing activities
Acquisition of non-current assets
Financing activities
Proceeds from a share issue
Proceeds from a loan
Repayment of a loan
Net cash flows from financing activities
Net increase in cash
Cash at 1 January 2017	---------
Cash at 31 December 2017