Statement of Cash Flows

Pete's Pies Ltd had the following business transactions for the year ended 31 December 2019: Sales to customers $128,000 Receipts from customers $108,500 Payments for inventory $49,000 Payments for rent and electricity $2,500 Purchase of a motor vehicle $13,000 Dividends paid $25,000 Payment of interest $4,000 Loan proceeds $10.500 Interest received $500 Equity contribution $10,500 The bank balance at the end of the year is $34,500. Required: Prepare a statement of cash flows for Pete's Pies Ltd by using the template below. Pete's Pies Ltd Statement of cash flows for the year ended 31 December 2019 (17 marks) Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid Net cash provided from operating activities Cash from investing activities Payments for property, plant and equipment Proceeds from sale of property, plant and equipment Net cash from investing activities Cash from financing activities Proceeds from equity Proceeds from borrowings Repayment of borrowings Dividends paid Net cash flow from financing activities Net increase/decrease in cash for the year Cash at the beginning of the year Cash at the end of the year 2