The following information about John Corp. applies to the entity for the year ending 30 June. Payment to suppliers 150 000 Receipts from owners 405 000 Receipts from long-term borrowing 270 000 Payment of rates 130 000 Payment of wages 125 000 Purchase of land 90 000 Repayment of long-term borrowing 165 000 Receipts from customers 600 000 Payment for equipment 190 000 Depreciation on equipment 90 000 Required: a) What was John Corp.s cash flow from the following three (3) activities? (8 marks) o Operating Activities o Investing Activities o Financing Activities b) In your own words, explain the difference between the cash and accrual basis of accounting