Notes:

• Depreciation expense recognised in year 2019 is $69,750.
• Original cost of plant sold in year 2019 is $86,250.
• New plant was purchased for cash.
• Accounts payable pertains to inventory creditors.

Required: (please label your responses as 1.,2.,3.)

(workings are needed).

1. Calculate net cash provided from operating activities by using the direct method. (7/14)
2. Calculate cash flows related to the plant. (4/14)
3. Calculate cash paid for the dividends. (3/14)

Onet Pty Ltd Statement of financial position 2019 2018 Assets Cash $148,000 $58,600 Accounts receivable $137,200 $50,500 $169,750 $155,275 $28,600 $25,000 $142,000 $364,750 $163,000 $406,000 - $75,500 $977,050 -$78,500 $717,625 Inventory Prepaid expenses Land Plant Accumulated depreciation Total Assets Liabilities and Equity Accounts payable Accrued expenses payable Interest payable Dividend payable Debentures payable Share capital Retained earnings Total Liabilities and Equity $139,000 $101,950 $26,050 $10,000 $21,000 $118,500 $26,500 $9,000 $11,000 $142,000 $278,500 $331,000 $352,000 $159,175 $728,125 $997,550 $514,000 Statement of profit or loss Sales Cost of sales Operating expenses (Dep. Expense included) Interest expense Loss on sale of plant income tax expense Profit after tax $174,190 $89,365 $4,345 $12,250 $11,500 $291,650 $222,350