I'm struggling with this question. Mainly, do I calculate tax this as a % of profit? Net cash? Revenue? Please guide me through this. Thanks!

QUESTION #7 Mark attempt Rocket Richard Pty Ltd has the following transactions planned for the year 2021. Rocket wants you to account for each of the transactions below as if they occurred on the first day of the year. Cash purchase of stationery for $3000. Credit purchase of supplies for $2 000. Cash purchase of insurance for $3000. Services provided. Cash received of $7 000. Create new question Purchase of land with cash for $20 000. Purchase of buildings with cash for $41 000. Services provided. Cash not received. $3000. Long term borrowing. Cash received of $13 000. Wages earned by employees. Not yet paid. $3 000. Cash contribution by owner for $440 000. Repayment of long term borrowing in the amount of $18 000. Discussion with the company's tax agent indicates that taxes will be payable in 6 months at the rate of 20%. REQUIRED: Assessment of Required's 3, 4 & 5 may be incorrect. Problems w/ carry-forward error marking code. 1. Cash flow statement: Net cash flow from operating activities for the year 2021. $ 1,000 2. Cash flow statement: Net cash flow from investing activities for the year 2021. $ (61,000) 3. Cash flow statement: Net cash flow from financing activities for the year 2021. $ 435,000 4. Cash flow statement: Net increase (decrease) in cash for the year 2021. ANSWER 5. Cash flow statement: Cash balance at the end of year 2021. ANSWER lalala Unprotected cells for your workings if desired revenue