Question 6 (11 marks) The following information relates to Sonata Ltd. (a) At the beginning of the accounting period the company has a salary payable liability of $300 and at the reporting date a salary payable of $400. During the year the salary expense shown in the income statement was $700. (b)At the beginning of the accounting period the company has property plant and equipment (PPE) with a carrying amount of $300. At the end of the accounting period, the carrying amount of the PPE is $1,000. During the year depreciation charged was $90, a PPE with a carrying amount of $70 was sold for $50. (c) At the beginning of the accounting period the company has retained earnings of $1000 and at the end of the accounting period the balance of the retained earnings is $1500. The reported profit for the year was $3800. (d)Sonata Ltd also provides you with the following information on its sale and collection of accounts receivable: Sales for the year $20,000 Discounts provided to customers for early payment $500 Doubtful debts expense for the year $200 Opening balance of accounts receivable $4,000 Closing balance of accounts receivable $3,500 Opening balance of the allowance for doubtful debts $400 Closing balance of the allowance for doubtful debts $320 Required: (a) Calculate the cash paid for salary (2 marks) (b)Calculate the cash paid to buy new PPE (3 marks) (c) Calculate the dividend paid (3 marks) (d)Calculate cash collected from customer