The following information is available for Gyatt Pty Ltd: Gyatt Pty Ltd Statement of Financial Position December 31, 2020 2020 2019 Assets Cash Accounts receivable Allowance for doubtful debt Prepaid insurance Inventory Land Building Patents Equipment Accumulated depreciation - Equipment Total assets $17,700 125,000 (7.000) 800 8,000 75,000 47,000 10,000 100,000 (13.500) S363,000 S50.500 115.500 (4,000) 2,000 10,000 50,000 35,000 10,000 90.000 (19,500) $339,500 Liabilities and equity Accounts payable Accrued expenses payable Note payable Long-term debt Share capital Revaluation surplus Retained earnings Total liabilities and equity $25,000 2.300 8,000 70,000 195,000 17.000 45,500 S363,000 $10,000 2,000 11,000 48,500 179,500 5.000 83.500 $339,500 Gyatt Pty Ltd Statement of Profit or Loss For the Year Ended December 31, 2020 , Sales Cost of goods sold Gross margin Depreciation expense Selling and administrative expense Bad debt expense Operating income Loss on sale of equipment Net loss $325,000 $279,000 S46,000 $9.000 S65,000 $5,000 (33.000) (3.000) (36,000) Additional information: 1. An equipment with a cost of $20,000 was sold in 2020 for cash, and the company bought a bow equipment for cash 2. Cash dividen was paid in 2020). 3. New shares were issued for cash in 20/21). 4. Building was revaluated upward by 5 12,000 using revaluation surplus account 5. Land was purchased in cash in 2020. 6. Notes worth $3,000 were retired in cash 7. S 21,500 cash were borrowed from ZNA Bank for 5 years Required: (A) Calculate the amount of bad debts which were written-off against accounts roocivable during the fiscal year 2020. (B) Calculnte the amount of cash received by selling the equipment with a cost of 5 20,000 (0) Calculnte the amount of cash dividend paid during the fiscal year 2020 (D) Prepare a statement of cash flows for Gyatt Pty Ltd for the fiscal year 2020 using the DIRECT method (E) Prepare a reconciliation of net prolit to cash provided by operating activities for the fiscal year 2020 Note: L. Ignore the elect of GST Classify interest paid if any as operating activity Classify interest received (ifany) and dividenci received fif any) as wvperating activities. til