Rad Ltd sells vinyls and music related merchandise. For the year ended 30 June 2021, Rad Ltd recorded a Profit after tax of $32,000 after deducting from sales of $978,000 the following expenses: cost of sales $565,000, depreciation on buildings $80,000, bad debts $15,000, interest $35,000, discount allowed $3,000, other accrued expenses $200,100, and income tax $47,900.

The following additional information is available from Rad Ltd statement of financial position as at 30 June 2021:

	2021	2020
	$	$
Accounts Receivable	49,300	37,800
Allowance for doubtful debts	(5,000)	(3,000)
Inventory	94,200	96,600
Prepaid expenses	19,000	15,000
Deferred tax asset	12,000	14,400
Accounts payable	58,000	45,400
Provision for employee benefits	21,000	18,000
Other accrued expenses	23,500	25,000
Interest payable	40,000	20,000
Current tax liability	13,500	15,000
Deferred tax liability	22,000	20,900

Required:

Calculate and prepare Cash Flows from Operating Activities (an extract from the Statement of Cash Flows) in accordance with AASB107 for the year ended 30 June 2021 Use the direct method. (16 marks)