helpp pleaseee !!!

Below is the Statement of Cashflows for the year 2019 of ABC Corp and answer the questions that follow in the space provided:

Cashflow from Operating Activities

Cash Collections:

Sales 3,200,000.00

Increase in Receivables (60,000.00)

Interest Revenue. 40,000.00

Decrease in Interest Receivable 2,000.00

Cash Payments to Suppliers :

COGS (1,620,000.00)

Decrease in Inventory. 60,000.00

Decrease in Accounts Payable (16,000.00)

Cash payments for :

Operating Expenses. (1,240,000.00)

Operating Expenses:

Depreciatio 150,000.00

Increase in Prepayments. (6,000.00)

Decrease in accruals (8,000.00)

Cash Payments for Interest :

Interest Expense. (42,000.00)

Increase in interest payable. 4,000.00

Cash Payments for Tax :

Tax Expense. (100,000.00)

Decrease in tax payable. (14,000.00)

Cashflows provided by Operating Activities

350,000.00

Cashflow from Investing Activities :

Investments in Securities. (60,000.00)

Sale of Securities. 72,000.00

Investments in Plant Assets. (500,000.00)

Sale of Plant Assets. 24,000.00

Cashflows used by Investing Activities

(464,000.00)

Cashflows from Financing Activities :

Repayments of Long Term Notes Payable

(92,000.00)

Proceeds from Long Term Notes Payable

82,000.00

Issuance of CS ;

Par Value : 20,000.00

Additional Paid In Capital : 160,000.00

Dividends Paid (120,000.00)

Notes Receivable issued (44,000.00)

Notes Receivable collected 28,000.00

Cashflows provided by Financing Activities

34,000.00

Net Change in Cash (80,000.00)

Cash Beginning. 244,000.00

Cash end 164,000.00

Instructions:

1) Carry out a complete analysis of tbe above figures. Comment on the companys Statement of Cashflows by looking at the sources and uses of funds.

2) Explain the primary reason why:

a) The amount of cash provided by operating activities was substantially greater than the companys net income of USD 260,000

b) There was a net decrease in cash over the year, despite the substantial amount of cash provided by operating activities.

3) The Companys controller thinks that through more efficient cash management, the company could have held the increase in accounts receivable for the year to $10,000, without affecting net income. Explain how holding down the growth in receivables affects cash. Compute the effect that limiting the growth in receivables to $10,000 would have had on the companys net increase or decrease in cash (and cash equivalents) for the year.