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The financial statements for Waverley Ltd are provided below: Waverley Ltd Comparative Balance Sheet As at 30 June 2019 and 2020 AutoSave OFF w- 2020

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The financial statements for Waverley Ltd are provided below:

Waverley Ltd

Comparative Balance Sheet

As at 30 June 2019 and 2020

image text in transcribedimage text in transcribed
AutoSave OFF w- 2020 Semester One ACF5950_MAIN - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Cambria v 12 " A" A Aa Ap ab A A AaBbCcDdEe AaBbCcDdE AaBbCcDdEe AaBbCcDdE Paste BI Uvab X X|ALAA Normal Body Text No Spacing Table Paragr... Styles Dictate Sensitivity Pane 2019 2020 Assets Cash At Bank 167,000 215,000 Accounts Receivable 213,000 158,000 Inventory 68,000 73,000 Prepaid Rent 4,000 5,000 Buildings 320,000 350,000 Accumulated Depreciation - Buildings (108,000) (132,000) Equipment 67,000 78,000 Accumulated Depreciation - ECFont size ent (25,000) (26,000) 706,000 721,000 Liabilities Accounts Payable 236,000 228,000 Dividend Payable 12,000 13,000 Salary Payable 18,000 20,000 Tax Payable 16,000 17,000 Bank Loan 158,000 171,000 440,000 449,000 Equity Capital 170,000 164,000 Retained Earnings 96,000 108,000 266,000 272,000 Waverley Ltd Income Statement Page 17 of 20 31 of 1926 words English (Australia) Focus E + 199%AutoSave OFF w- 2020 Semester One ACF5950_MAIN - Saved to my Mac Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Cambria v 12 A" A Aa Ap ab A [A AaBbCcDdEe AaBbCcDdE AaBbCcDdEe AaBbCcDdE Paste BI Uvab X X|ALAA Normal Body Text No Spacing Table Paragr... Styles Dictate Sensitivity Pane Retained Earnings 96,000 108,000 266,000 272,000 Waverley Ltd Income Statement For the Year Ended at 30 June 2020 Sales 1,000,000 COGS (450,000) Gross Profit 550,000 Profit on sale of Equipment 2,000 Rent 42,000 Salary 400,000 Interest 12,000 Depreciation Expense - Buildings 13,000 Depreciation Expense - Equipment 15,000 (482,000) Net Profit before Tax 70,000 Less Taxation expense (21,000) Net Profit 49,000 Required: Prepare an extract of the Cash Flow Statement for the year ended 30 June 2020 showing Cash Flows from Operating Activities AND Cash Flows from Financing Activities. Show all workings. 17 Page 17 of 20 1926 words English (Australia) Focus + 199%

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