The following information is available from Bubble Ltds statement of financial position as at 30 June 2022:

	2022	2021
	$	$
Cash	12,000	14,000
Accounts Receivable	38,000	27,000
Allowance for doubtful debts	(3,000)	(2,000)
Inventory	70,200	78,600
Prepaid expenses	19,000	13,000
Buildings	210,000	100,000
Accumulated depreciation building	(41,000)	(20,000)
Equipment	110,000	85,000
Accumulated depreciation - equipment	(33,500)	(34,000)
Land	200,000	200,000
Deferred tax asset	14,000	12,800
Total Assets	$595,700	$474,400
Bank overdraft	7,000	7,000
Accounts payable	48,000	44,000
Provision for employee benefits	21,000	15,000
Other payables	21,500	23,000
Interest payable	20,000	22,000
Dividend payable	12,000	15,000
Current tax liability	14,000	17,200
Deferred tax liability	16,000	18,200
Borrowings	150,000	80,000
Total Liabilities	$309,500	$241,400
Share Capital	240,000	200,000
Retained earnings	46,200	33,000
Total Equity	$286,200	$233,000

Additional information:

• The Statement of Profit or Loss disclosed the following: Sales $450,000; Discount received $4,000; Cost of sales $260,000; Distribution costs $51,000; Administration costs $60,000; Interest expense $15,000; Income tax expense $25,000; and, Profit after tax of $43,000.

• Included in the total for distribution costs was bad debts expense $6,000.

• Included in the total for administration costs were depreciation expense on buildings, depreciation expense on equipment, and a loss on sale of equipment $8,000.

• Equipment with a carrying amount of $35,000 and an accumulated depreciation of $15,000 was sold for cash during the year. Equipment was also purchased during the year.

• A new building was purchased: $80,000 was paid for by borrowing arrangements with the bank and the balance was paid in cash. There were no buildings sold.

• An interim dividend was paid during the year: $5,000 was paid by way of a bonus share issue, the remainder of the interim dividend was paid in cash.

• Repayments on borrowings for the year amounted to $25,000.

• Bubble Ltd uses the direct method for presenting cash flows from operating activities.

Required:

a) Using formulas or T-accounts, show calculations for all cash inflows and outflows that you will need to disclose in the Statement of Cash Flows for Bubble Ltd for the year ended 30 June 2022.

b) Prepare a Statement of Cash Flows for the year ended 30 June 2022 for Bubble Ltd in accordance with AASB 112 (direct method of presentation for operating activities), including a note to show the composition of Cash and Cash Equivalents.