QUESTION 4: Cash Flow Statement (15 marks) You are provided with the following financial information for the business Adelaide Hills Bike Tours: ADELAIDE HILLS BIKE TOURS COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2019 2018 Current Assets Cash on Hand Cash at Bank Accounts Receivable (net) Inventory Prepaid Expenses Non Current Assets Plant & Equipment less Acc. Depreciation $1 200 5 789 29 700 28 000 1650 $3 000 2009 4500 18 000 650 $66 339 $28 159 83 500 (23 000) 64 000 17 600) Land 60 500 75 000 201 839 46 400 180 000 254 559 Total Assets 6 402 1522 780 Current Liabilities Bank Overdraft Accounts Payable Expenses Payable Tax Payable Non Current Liabilities Bank Loan Total Liabilities Net Assets 2 800 790 1 200 2 690 11 394 4790 20 000 31 394 $170 445 20 000 24 790 $229 769 Equity Capital 170 445 $170445 229 769 $229 769 ADELAIDE HILLS BIKE TOURS INCOME STATEMENT FOR THE YEAR ENDED JUNE 30 2019 Net Sales Cost of Sales Discount Received Gross Profit: Other Revenue: Interest Revenue $137 100 45 200 280 92 180 52 92 232 18 845 354 Expenses: Selling & Admin Expense Doubtful Debts Expense Depreciation Expense Interest Expense Profit before tax Income tax expense Profit 5 400 3 800 28 399 63 833 5178 $58 655 ANSWER THIS QUESTION ON THE PRO FORMA PROVIDED REQUIRED: a. Prepare a statement of Cash Flows in the pro forma provided and show all calculations (an answer without supporting calculations will receive zero marks) (15 marks) ADELAIDE HILLS BIKE TOURS LTD Cash Flow Statement for the year ended 30 June 2019 SS Cash Flows from Operating Activities Receipts from customers Payments to Suppliers & Employees Cash generated from operations Interest Paid Income Tax Paid Interest Received Cashflows from Operating Activities Cashflows from investing Activities Purchase of Equipment Proceeds from Sale of Land Cashflows from investing Activities Cashflows from Financing Activities Drawings Net Increase (decrease) in cash held Cash at start Cash at end Please include all Calculations below-answers provided without supporting calculations will receive zero