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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 2019 2020 Assets Cash
The financial statements for Waverley Ltd are provided below: Waverley Ltd Comparative Balance Sheet As at 30 June 2019 and 2020 2019 2020 Assets Cash At Bank Accounts Receivable Inventory Prepaid Rent Buildings Accumulated Depreciation - Buildings Equipment Accumulated Depreciation - Equipment 167,000 215,000 213,000 158,000 68,000 73,000 4,000 5,000 320,000 350,000 (108,000 (132,000 67,000 78,000 (25,000 (26,000) 706,000 721,000 Liabilities Accounts Payable Dividend Payable Salary Payable Tax Payable Bank Loan 236,000 12,000 18,000 16,000 158,000 440,000 228,000 13,000 20,000 17,000 171,000 449,000 Equity Capital Retained Earnings 170,000 96,000 266,000 164,000 108,000 272,000 Waverley Ltd Income Statement For the Year Ended at 30 June 2020 Sales COGS Gross Profit Profit on sale of Equipment Rent 42,000 Salary 400,000 Interest 12,000 Depreciation Expense - Buildings 13,000 Depreciation Expense - Equipment 15,000 1,000,000 (450,000) 550,000 2,000 Net Profit before Tax Less Taxation expense Net Profit (482,000 70,000 (21,000) 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
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