Moving to another question will this response Quistion 4 (10 MARKS) The following information relates to the business of Paramatta Products Pty Ltd for the 1022 year 1. Credit Sales were $8 910 000 & Cash Sales were $1 844 000. 2. Credit Purchases were $7 530 000 & Cash Purchases were $916.000 3. Income Tax Paid was $222 000, Depreciation Expense is $747 000 for the year & Wages Paid were $342 000 4. Purchased new Equipment for $232 000 & sold old Machinery for $96 000 which had cost $111.000 5. Paid out $123 000 in Dividends and received $992 000 proceeds from the lame of new Ordinary Shares 6. Paid back the Mortgage Loan owing of $605 000 and issued additional new Debentures worth $120 000. 7. Cash Received from Debtors was $4 758 000 and Cash Paid to Creditors was $3 695 000 for the year 8. Amortisation of Copyrights was $153 000 & the Opening Cash at Bank on 1 January, 2022 was $1.985 000