QUESTION 5 You are the financial accountant at Mandolin Limited. You are currently preparing Mandolin's statement of cash flows. The following is an extract from Mandolin's financial statements: Account 30 June 2021 30 June 2020 $ $ Trade receivables 800,000 Allowance for impairment losses: trade receivables Current tax liability 600,000 (40,000) (105,000) 4,500,000 (20,000) (175,000) Sales revenue (55,000) (250,000) 2,500,000 (25,000) (280,000) Impairment losses: trade receivables (expense) Income tax expense Other information: . All sales are made on credit. Income tax expense at 30 June 2021 is made up of $125,000 current tax expense and $50,000 deferred tax expense (30 June 2020: $250,000 current tax expense and $30,000 deferred tax expense). Ignore the impact of GST. Which of the following statements correctly shows the amounts to be disclosed in the statement of cash flows for the year ended 30 June 2021? O A. Cash receipts from customers of $4,700,000; income tax paid of $250,000. OB. Cash receipts from customers of $4,700,000; income tax paid of $270,000. C. Cash receipts from customers of $4,665,000; income tax paid of $250,000. D. Cash receipts from customers of $4,665,000; income tax paid of $270,000