QUESTION 7 Time recommendation: 16 minutes Arbo Ltd is required to prepare a Cash Flow Statement for the year ended 30th June 2023. Net profit for the financial year is $231,000. On 12 February 2023, Arbo engaged in an additional loan borrowing from the bank to assist in managing cash flows. - On 17 April 2023, Arbo used a portion of the borrowed funds to buy back 1,500 ordinary shares. - On 17 April 2023, Arbo used a portion of the borrowed funds to buy back 1,500 ordinary shares. Required: Using the balance sheet information and additional notes provided above, prepare the operating. activities section of the Cash. Flow Statement using the indirect method. (7 marks) You may wish to create a table to convey this information clearly. Important - do not take a screen shot of your workings from any software program (eg Word, Excel or PowerPoint) and insert it as an image for your answer. This is not permitted and any responses that contain screen shots from software programs are considered misconduct/cheating and will be reported to the university. Note: Only the operating activities section is required, not the entire cash flow statement