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The following information has been extracted from the financial statements of Redhill Wines Pty. Ltd. For the year ended 30th June 2020 and is presented
The following information has been extracted from the financial statements of Redhill Wines Pty. Ltd. For the year ended 30th June 2020 and is presented below. 30th June 30th June 2020 2019 Total Current Liabilities $200,000 $180,600 Total Non-Current Liabilities 41,400 48,800 Trade Debtors 134,200 122,000 Trade Creditors 102,400 87,800 Accrued Expenses 24,400 31,800 Income tax payable 73,200 61,000 Prepaid Prepaid expenses 18,400 Inventory 23,400 22,000 29,200 Information relating to the year ended 30 June 2020 Total asset expended $102,000 Sales 890,000 Cost of sales 503,000 Depreciation expense 61,000 Income tax expense 73,200 Operating expenses (excluding depreciation) 134,200 Dividends paid 24,400 Required:- Calculate the net cash flow from operating activities (15 Marks)
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