Question 8 SOFP extracts for a business can be found below: SOFP Extracts (in m) 30/06/2020 30/06/2019 Non-Current Assets Freehold Land and buildings 220 188 Plant and Machinery 124 106 Current Assets Inventory 80 60 Trade Receivables 105 142 Cash 92 68 There were no non-current asset disposals in either year. The annual depreciation expense included in the Income Statements can be found below: Income Statement Extracts (in m) For the year For the year ended 30/06/2020 ended 30/06/2019 Operating Expenses Depreciation for buildings Depreciation for plant and machinery 12 10 20 12 (a) Calculate the net cash from investing activities for this business for the year ended 30/06/2020. If the net cash amount is positive, put a (+) in front of your figure. If the net amount is negative, put a (-) in front of your figure. (3 marks) (b) Assuming there had been a non-current asset disposal of freehold land during the year ending 30/06/2020 (disposed land's carrying amount of 20m and sales proceeds from the disposal of land of 25m), compute the updated net cash from investing activities amount. If the net cash amount is positive, put a (+) in front of your figure. If the net amount is negative, put a (-) in front of your figure. (3 marks)