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Please show all working out clearly Three sisters formed a partnership, SkinDeep, to sell skin care products made from organic ingredients. They have been operating
Please show all working out clearly
Three sisters formed a partnership, SkinDeep, to sell skin care products made from organic ingredients. They have been operating for one year. The bank balance at the end of the year is $756,800. A summary of business transactions is as follows: Sales to customers $363,100 Receipts from customers $398, 100 Payments for inventory $297,700 Payments for electricity, telephone, rent and insurance $5.100 Purchase of a motor vehicle $59,800 Drawings $62,400 Payment of interest $7,600 Loan proceeds $43,000 Interest received $6,600 Equity injection $24,800 Required: Prepare a statement of cash flows, Important: For any amounts, please don't include the dollar sign (5) or any thousands separator - i.e., $12,000 should be written as 12000. For cash outflows, decrease in cash flows, and negative bank balance, please include the - (minus) sign in front of the amounts. Please don't place the amounts in parentheses. Statement of Cash Flows $ Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid Net cash from operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash from investing activities Cash flows from financing activities Proceeds from equity Proceeds from borrowings Distribution paid Net cash from financing activities Net increase/decrease in cash for the year Cash at beginning of the year Cash at the end of the year
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