QUESTION 1 The following information has been taken from the Balance Sheet of Stella's Cooldrinks. Machinery Accumulated Depreciation - Machinery 2020 260 000 (60 000) 2019 150 000 (20 000) Investments 170 000 120 000 Additional Information: (a) During the year Machinery with a historic cost of $60,000 was sold for $20,000 Cash. The company made a gain on disposal of this asset of $10,000. (b) Investments with a cost of $40,000 was sold for $55,000 Cash. Required: What are the Cash Flows from Investing Activities for the Year ended 30 June 2020? (6 Marks) Please provide your answer in the space provided below (please remember to show your workings): 1 Question 1: Cash Flows from Investing Activities: Proceeds from disposal of Machinery Additions to Machinery Proceeds from Sale of Investments Purchase of Investments Net Cash from Investing Activities Question 2 The following information has been taken from the Balance Sheet of Briggs Bicyles: Bank Loan Share Capital Retained Profits 2020 50 000 100 000 185 000 2019 80 000 100 000 140 000 Additional information The business made a profit for the year of $60,000. Required: What are the Cash Flows from Financing Activities for the Year ended 30 June 2020? (4 Marks) Please provide your answer in the space provided below (please remember to show your workings): Question 2 Cash Flows from Financing Activities Increase in Bank Loan Proceeds from Share issue Dividends Paid Net Cash from Financing Activities