QUESTION 1 The table below lists a series of transactions. Referring to this table: (a) Identify the items as cash receipts and payments 6) Classify the cash items into cash flows from operating investing or financing activities. (c) Complete a classified Statement of Cash Flows using the worksheet below and calculate the closing cash position. The opening cash position is $21,800 Transaction Amount Receipt Operating! $ Payment Investing Financing Cash sales 25,800 Cash purchases 5,400 Credit purchase of goods 86,300 Credit sales 150.800 Cash received from Ac Rec 130.700 Cash paid to Ac payable 64,500 Wages and Salaries paid 35,200 Interest on loan paid 2.000 Other cash expenses 22.100 Depreciation 5.400 Bad debts 1,200 Dividends received 2,100 Paid taxes 1,700 Paid dividends 2.800 Final dividends approved 3.000 Van purchased for cash 15,000 Van sold for cash (carry am'i $6,000) 4,500 Sold shares in other co. (cost 16,000 $10.000) Took out loan from bank 8.500 Issued shares for cash 12.000 Repaid loan 1,500