Prepare a reconciliation of net profit after tax to net cash provided from operating activities.

(a) All sales and purchases were on account.

(b) Accounts payable pertains to inventory creditors.

(c) A cash dividend had been paid to shareholders during the year.

(d) Additional plant costing $127,500 was purchased for a cash during the year. The old

plant was sold for cash.

(e) Notes with a face value of $45,000 were converted into $45,000 of ordinary shares.

(f) Additional shares were also issued for cash during the year.

(g) Income tax and interest were settled in cash.

Simmons Ltd