Receive electricity bill for last month $15,600 Paid Suppliers amounts owing from last month $34,000 Cost of Goods Sold expense for the month $25,000 Received payment from credit sales $15,000 Pay electricity bill $15,600 Pay rental charges to shopping centres $24,000 Pay employees their monthly wage and sales commission $15,000 A loss of 8 phones valued for $10,400 were identified Depreciation expense for the month $12,750 Purchased cash registers for their shops $35,000 paying cash Repairs were made to shop fittings $8,400 Banked weekly sales $27,300 Invoice customers for phone and data plans $38,700 Received a further $30,000 borrowings from the bank Owners all agreed to contribute a further funds to grow the business. $75,000 was received . Receive amounts from customers for monthly charges $28,000 Pay monthly loan repayment $8,600 Inow No Cash-ow l Phones and Electronic Tablets import their goods and sell to large retail stores and have an small shops in large shopping centres. The bank has requested a Cash-flow Statement for last month and Signor Foppi provides you with the following transactions / events, and asks for your assistance. You are required to identify for each cash flow the correct classification, selecting from the drop down list; Operating, Investing or Financing. You must also indicate whether the cash-flow is an inflow or outflow. Where you believe there is no cash flow, use Not Applicable and No Cash-Flow label. Transactions Classification Inf low! Outf low Paid advertising costs of $6,000 for the next three months Operating Investing Purchased packaging boxes from regular Flnancmg ' NotApplicable supplier for $3,000 on credit A customer advised they were having financial problems and could only pay 25% ($2,000) of the V V amount they currently owed but promised they would pay the balance when they could