Required: Prepare cash flows from operating activities section ONLY of a cash flow statement. Use the direct method.

The following information was prepared by Bella Ltd for the year end 30 June 2016: $8 550 000 18 000 4 517 000 1 997 000 127 000 35 000 7 000 35 000 70 000 1 000 000 Sales Gain on sale of plant $8 568 000 Cost of sales Salaries and wages Depreciation expense - plant Depreciation expense - buildings Bad debts expense Insurance expense Interest expense Other expenses Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income (7 788 000) 780 000 (250 000) 530 000 $ 530000 2016 2015 ssets Accounts receivable Allowance for doubtful debts Inventory Prepaid Insurance Liabilities Accounts payable Interest payable Current tax payable Deferred tax liability 320 000 (15 000) 670 000 55 000 340 000 (19 000) 654 000 52 000 570 000 30 000 77 000 16 000 553 000 25 000 70 000 12 000 Required: Prepare cash flows from operating activities using the direct method