Hello,

how do I calculate the cash flows when given this information?

What information do I use to calculate the inflows and the outflows?

I don't know how to generate a cash flow statement from these documents.. Please help

Exercise 18.10 Proprietary company, with direct and indirect methods The following comparative statements of financial position and statement of financial performance are for the business of Low Dollar Shop Pty Ltd. LOW DOLLAR SHOP PTY LTD Comparative statements of financial position as at 30 June 2022 2023 Assets Cash at bank $ 60 000 $ 90 000 Accounts receivable 222 000 156 000 Inventory 180 000 264 000 Prepaid expenses 132 000 108 000 Plant and equipment 1 800 000 1 944 000 Accumulated depreciation - plant and (540 000) (690 000) equipment $ 1 854 000 $ 1 872 000 Liabilities and equity Accounts payable 288 000 180 000 Expenses payable 66 000 120 000 Current tax liability 150 000 132 000 Share capital 90 000 1 200 000 Retained earnings 450 000 540 000 $ 1 854 000 $ 1 872 000LOW DOLLAR SHOP PTY LTD Statement of financial performance for year ended 30 June 2023 Income Sales revenue $ 2 400 000 Expenses Cost of sales $ 1 224 000 Wages and salaries 480 000 Depreciation - plant and equipment 150 000 Other expenses 234 000 Income tax expense 132 000 2 220 000 Profit $ 180 000Additional information 1. All sales and purchases of inventory are on credit. 2. Income tax is paid in one instalment during the year. 3. A dividend had been paid to shareholders. 4. Additional plant had been acquired for a cash outlay. Required (a)Prepare the statement of cash ows for the company for the year ended 30 June 2023. Use the direct method. (b)Repeat requirement A using the indirect method