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Orange Pekoe Pty Ltd is a small proprietary limited company that sells tea-based beverages. The opening bank balance on 1 July 2016 was $15,000. The

Orange Pekoe Pty Ltd is a small proprietary limited company that sells tea-based beverages. The opening bank balance on 1 July 2016 was $15,000. The following is a summary of business transactions for the year ending 30 June 2017.

Receipts from customers 495000

Payments for inventory 295000

Payments for expenses 138000

Cash purchase of a motor vehicle for deliveries 90 000

Cash drawings 55 000

Dividends paid 26 000

Payment of interest 5 000

Allowance for doubtful debts 50 000

Loan proceeds 25 000

Depreciation of motor vehicle 10 000

Interest received 14 000

Income taxes paid 18 500

Dividends declared 60 000

Equity injection 85 000

Cash proceeds from sale of old delivery van 19 000

Required:

From the relevant information above, use Statement of Cash Flows using the template provided on the following page for the year ending 30 June 2017.

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