Prepare the Cash flow operating activities section of the statement of cash flows using the direct method (10 Marks) QUESTION ONE Maria Alonzo Corporation trial balance as on 30 April 2022 is as below Debits Credits Share Capital 200,000 Stock at 30 April 2021 102,994 Sales 880,426 Accounts receivable 227,219 Accounts payable 54,818 8% Debentures 40,000 Fixed Asset replacement reserve 30,000 General Reserve 15,000 Profit & Loss account 30 April 2021 12,411 Debenture interest 1,600 Equipment at cost 225,000 Motor vehicles at cost 57,200 Bank balance 4,973 Cash in hand 62 Purchases Sales returns Carriage inwards 419,211 18,400 1,452 Wages & salaries 123,289 Rates & Insurance 16,240 Accumulated depreciation; Equipment Buildings 32,600 18,200 Directors' remuneration 82,400 Sales discounts 3,415 Notes a) Stock at 30 April 2022 is valued at 111,317/= b) The share capital consisted of 300,000 ordinary shares of 50 cents each and 50,000 12% preference shares of 1= each c) The dividend on preference shares was proposed to be paid as well as a dividend of 18% on ordinary shares d) Accruals; rent 802/= Directors' remuneration 6,000/=. e) Half year's debenture interest is owing f) Depreciation on cost; Equipment 20% pa; Motor-vehicles 25% pa