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QUESTION 8 The current section of Yawn Ltd's statement of financial position at 30 June 2016 is presented below. 2016 2015 $ Current assets Cash
QUESTION 8 The current section of Yawn Ltd's statement of financial position at 30 June 2016 is presented below. 2016 2015 $ Current assets Cash 104,900 97,900 Accounts receivable 120,700 89,000 Inventory 160,800 186,100 Prepaid expenses 27.500 21,600 Total current assets 413,900 394,600 Current liabilities Accounts payable Accrued expenses payable Total current liabilities 83,600 14,700 98,300 89,300 4.900 94,200 Other information 1. Profit for the year ended 30 June 2016 was $149,300. 2. Depreciation expense was $19,300. Required Prepare the net cash provided by the operating activities section of Yawn's statement of cash flows for the year ending 30 June 2016, using the indirect method
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