PART B AND C IS DONE. NEED THE SOLUTION OF PART A ONLY. THANKS.

Cygnet Car Repairs had the following cash transactions over the financial year ending 30 June 2022 . Opening cash balance, 1 July 2021 is $10000. a. Prepare a Cash Flow statement for Cygnet Car Repairs for the year ending 30 June 2022 using the information provided. Explain why sales made on credit terms are not included in the Cashflow Statement. Your answer should include an explanation of the difference between accrual and cash accounting ( max300 words). c. Explain whether this business could possibly have a profit in the Income Statement. Explain your answer by providing an example. (max 300 words). Cygnet Car Repairs had the following cash transactions over the financial year ending 30 June 2022 . Opening cash balance, 1 July 2021 is $10000. a. Prepare a Cash Flow statement for Cygnet Car Repairs for the year ending 30 June 2022 using the information provided. Explain why sales made on credit terms are not included in the Cashflow Statement. Your answer should include an explanation of the difference between accrual and cash accounting ( max300 words). c. Explain whether this business could possibly have a profit in the Income Statement. Explain your answer by providing an example. (max 300 words)