Please use Those Statement to make a Cash Flow using Direct Method need show every step of calculation. $$

This is the opening position for the start of the cash flow

Electric Bike Store Pty Ltd

Balance Sheet as at $30$th September $2023$

ASSETS

Current Assets

Cash at Bank $$29,350\mathrm{.}00$

Accounts Receivable $$28,190\mathrm{.}00$

Inventory $$11,000\mathrm{.}00$

Prepaid Insurance $$1,750\mathrm{.}00$

Stationery Supplies $$450\mathrm{.}00$

Total Current Assets $$70,740\mathrm{.}00$

Non$-$current Assets

Computers $$6,000\mathrm{.}00$

Accumulated Depreciation $$ Office Computers $($$$1,500\mathrm{.}00)$ $$4,500\mathrm{.}00$

Warehouse Equipment $$21,000\mathrm{.}00$

Accumulated Depreciation $$ Warehouse Equip. $($$$11,400\mathrm{.}00)$ $$9,600\mathrm{.}00$

Total Non$-$current Assets $$14,100\mathrm{.}00$

TOTAL ASSETS $$84,840\mathrm{.}00$

LIABILITIES

Current Liabilities

Accounts Payable $$21,200\mathrm{.}00$

Wages Payable $$1,024\mathrm{.}00$

Telecommunication payable $$350\mathrm{.}00$

Total Current Liabilities $$22,574\mathrm{.}00$

Non$-$current Liabilities

TOTAL LIABILITIES $$22,574\mathrm{.}00$

NET ASSETS $$62,266\mathrm{.}00$

OWNER'S EQUITY

Share Capital $$60,000\mathrm{.}00$

Retained Earnings $$2,266\mathrm{.}00$

TOTAL EQUITY $$62,266\mathrm{.}00$

$$

Electric Bike Store Pty Ltd

Income Statement

For the two months ended $30$ November $2023$

INCOME

Sales $-91,683\mathrm{.}00$

TOTAL INCOME $91,683\mathrm{.}00$

COST OF SALES

Cost of Goods Sold $54,856\mathrm{.}00$

TOTAL COST OF SALES $54,856\mathrm{.}00$

GROSS PROFIT $36,827\mathrm{.}00$

EXPENSES

Wages Expense $23,888\mathrm{.}00$

Rent Expense $3,600\mathrm{.}00$

Mobile Phone Expenses $350\mathrm{.}00$

Electricity expense $0\mathrm{.}00$

Insurance Expense $700\mathrm{.}00$

Advertising Expense $0\mathrm{.}00$

Vehicle Expense $225\mathrm{.}00$

Cleaning Expense $0\mathrm{.}00$

Stationery Expense $75\mathrm{.}00$

Utilities Expense $0\mathrm{.}00$

Depreciation Expense $800\mathrm{.}00$

Loss on the sale of assets $300\mathrm{.}00$

Interest Expense $75\mathrm{.}00$

TOTAL EXPENSES $30,013\mathrm{.}00$

NET PROFIT$/($LOSS$)6,814\mathrm{.}00$

$$

Electric Bike Store Pty Ltd

Balance Sheet

as at $30$th November $2023$

ASSETS

Current Assets

Cash at Bank $$114,367\mathrm{.}00$

Accounts Receivable $$0\mathrm{.}00$

Inventory $$1,840\mathrm{.}00$

Prepaid Rent $$0\mathrm{.}00$

Prepaid Insurance $$1,050\mathrm{.}00$

Stationery Supplies $$375\mathrm{.}00$

Total Current Assets $$117,632\mathrm{.}00$

Non$-$current Assets

Computers $$6,000\mathrm{.}00$

Accumulated Dep'n $$ Office Computers $($$$1,900\mathrm{.}00)$ $$4,100\mathrm{.}00$

Forklift $$11,400\mathrm{.}00$

Accumulated depreciation Forklift $($$$100\mathrm{.}00)$ $$11,300\mathrm{.}00$

Total Non$-$current Assets $$15,400\mathrm{.}00$

TOTAL ASSETS $$133,032\mathrm{.}00$

LIABILITIES

Current Liabilities

Accounts Payable $$25,000\mathrm{.}00$

Wages Payable $$1,152\mathrm{.}00$

Mobile Phone Payable $$0\mathrm{.}00$

Prepaid Revenue $$23,300\mathrm{.}00$

Total Current Liabilities $$49,452\mathrm{.}00$

Non$-$current Liabilities

Loan $-$ ABC Bank $$14,500\mathrm{.}00$

TOTAL LIABILITIES $$63,952\mathrm{.}00$

NET ASSETS $$69,080\mathrm{.}00$

OWNER'S EQUITY

Share Capital $$60,000\mathrm{.}00$

Retained Earnings $$9,080\mathrm{.}00$

TOTAL EQUITY $$69,080\mathrm{.}00$Enter Account name here

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