Question 2. Below is a list of cash flow movements through Smart Paints Lid, a newly formed retail company, current account for July 2021. The company sells specialized paints through its only shop: Date Transaction Amount (E) 1 st July Received cash from owners for shares 50,000 3rd July Finalized rental agreement for shop paying 3 (4,500) months' rent in advance 7th July Received bank loan from HSBC 50,000 12th July Purchase point of sale equipment for cash (5,000) will depreciate over 5 years 20th July Purchased specialized paint inventory (30,000) 24th July Paid for shop opening event (750) 25th July - 31st July Sold specialized paints for cash that had 30,000 originally cost 15,000 31st July Paid interest on bank loan (500) 31 st July Transferred cash to an easy access deposit (30,000) account which has no notice period to access funds and a 2% interest rate per annum. 31 st July Paid staff salaries (8,000) 31 st July Paid interim dividend (1,000)a) Showing your workings, compute the following cash flows for Smart Paints Ltd: 1) Operating Cash flows 2) Investing Cash flows 3) Financing Cash flows (8 marks) b) What is the amount of Smart Paints Cash and Cash Equivalents as at 31s July 2021