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Question 3 (10 marks) The following are transactions of Extraordinary Pea Pte Ltd for year ending 30 June 2021: Description $ Proceeds received from
Question 3 (10 marks) The following are transactions of Extraordinary Pea Pte Ltd for year ending 30 June 2021: Description $ Proceeds received from Bank loan 70,000 Proceeds of share issue 120,000 Payment for purchase of motor vehicle 100,000 Depreciation expense 32,000 Dividends paid 20,000 Sales revenue 810,500 Loss on sale of equipment 15,000 Proceeds from sale of equipment 50,000 Commission received in cash 13,050 Dividends received from investment 14,500 Employee salaries paid 365,000 Depreciation expense 43,600 Cash paid to suppliers 301,010 Cash collected from customers 810,500 Opening cash balance, 1 July 2020 80,800 Required: a) Prepare the Statement of Cashflow for the end of the financial year, 30 June 2021 for Extraordinary Pea Pte Ltd. (5 marks) b) Discuss and explain how the Statement of Cash Flow prepared is beneficial to Extraordinary Pea Pte Ltd's business sustainability? (5 marks)
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