The following data in the table is for Silver Tables Ltd.

Account	Beginning Balance	Ending Balance	Use/Source of cash
Accounts Payable	20,300	24,600
Inventory	52,400	67,200
Long term Debt	122,500	97,800
Equity	120,400	175,500

Required:

1. Calculate and identify the source of cash or the use of cash for each account change in the table above by filling out the Use/Source of cash column (2 marks) ** note: your answers above will automatically enter in BLUE

2. Assume that the beginning balance of accounts receivable is $37,500 and the ending balance of accounts receivable is $32,300, total revenue is $369,000 and all sales are on credit, the total cost of sales is $185,000 (all credit inventory purchase).

Calculate the operating cycle and the cash cycle and interpret the outcomes (5 marks)