Statement of Cash Flows (refer to Chapters Introduction to Cach Flow) The new accounting intern las completed the Statement of cash flow for the 3 months ended June 30, 2021 for your review. Cash flow statement 3 months ended June 30, 2021 $ Cash flows from operating activities Receipts from customers (incGST) Payments for inventory (inc GST) Payments for expenses Net cash from operating activities 39,248.00 -25.205.40 -7,001.50 7,041.10 Cash flows from investing activities Payments for furniture Payments for software GST paid on purchases of non-current assets Net cash from investing activities -800.00 -1800.00 -260.00 -2,860.00 40,000.00 -4,500.00 35,500.00 Cash flows from financing activities Capital invested by partners Payments for drawings Net cash from financing activities Change in cash balance Add: Cash at the start of the period Cash at the end of the period 39,681.10 39,681.10 You have identified some errors which GST paid on investing activities is incorrectly posted and categorised as a cash flow from investing activities. It is not complied with the accounting Standards LIG 1031 - Accounting for the Goods and Services Tax (GST) Consensus 11, which states: "The GST component of cash flows arising from investing and financing activities which is recoverable from, or payable to the taxation authority shall be classified as operating cash flows Task 4a Check for consistency and accuracy of the cash flow data provided. Review the incorrect Cash Flow statement above for errors and non-compliance with the accounting Standards and organisational procedures. Make the amendments and prepare the correct statement in the template provided Cash flow statement for the 3 months ended June 30 2021 Cash flows from operating activities Cash flows from investing activities + Cash flows from financing activities + UNIVERSITY Impressed with the quality of the professional advice frat you have provided to one of your clients, you have been assigned a task of reviewing financial data and preparing a financial statement for a partnership business name Easy Traders. The cash at isnik statement information provided which may be helpful in your preparation of the financial statements. The following information of summarised bank account was given for Easy Traders Partnership Cash at ANB Bank Debit Credit Balance S 8.800 Dr S 77.000 S 85,800 De S 253,000 S 338.800 Dr 154,000 S 184,800 Dr S 25,000 S 209,800 Dr S 94.160 S 303.960 Dr Date Details Cash at Bankas auty 1/07/2020 2020 30/08/2021 Cash Sales Receipts from Accounts Receivable Payments to Accounts Payable Money borrowed from ME Bank Received from sale of Milling Equipment Paid for purchase of new Milling Equipment Interest Received Payment to suppliers Wages paid Operating Expenses Paid Capital by owners GST Paid to ATO Repayment of Bank loan Drawings by the owner S 158.530 S 147.430 Dr S 10.920 S S 2.400 42,760 68.000 s s S S S $ 158,350 155.950 113,190 47,190 97 190 81.190 71,190 70.490 Dr Dr Dr Dr Dr Dr Dr Dr S 50.000 S s S 16,000 10.000 700 $ S $ Task 4b Based on the above information you need to complete a Statement of Cash Flows for the year ended 30/06/2021 using the structure and format given fat comply with accounting Standards in the template below. Check your answers for accuracy and show all your workings if necessary. Statement of Cash Flows of Easy Traders for the year ended 30 June 2021 Cash Flows from Operating Activities: Cash Flows from Investing Activities: + Cash Flows from Financing Activities