Investing activities: Proceeds from disposal of fixtures and equipment 15.00 Purchases of fixtures and equipment (1,200.00) Cash flow used for investing activities (1,185.00) Financing activities: Loan repayment (2,400.00) Proceeds from new loan 3,000.00 Dividends paid to shareholders (120.00) Cash flow from financing activities 480.00 Net increase in cash 876.00 Cash balance, July 1 900.00 Cash balance, July 31 1,776.00