The following information relates to Brunswick Ltd.

(i)At the beginning of the accounting period the company has a wages payable liability of $300 and at the reporting date a wages payable of $720. During the year the wages expense shown in the income statement was $700.

(ii)At the beginning of the accounting period the company has property plant and equipment (PPE) with a carrying amount of $800. At the end of the accounting period, the carrying amount of the PPE is $2,400. During the year depreciation charged was $160, a revaluation surplus of $480 was recorded and PPE with a carrying amount of $120 was sold for $160.

(iii)At the beginning of the accounting period the company has retained earnings of $5,000 and at the end of the accounting period the balance of the retained earnings is $4,600. The reported profit for the year was $5,500.

(iv)Brunswick Ltd also provides you with the following information on its sale and collection of accounts receivable:

Sales for the year $35,000

Discounts provided to customers for early payment $900

Doubtful debts expense for the year$500

Opening balance of accounts receivable$8,200

Closing balance of accounts receivable$6,400

Opening balance of the allowance for doubtful debts$720

Closing balance of the allowance for doubtful debts $640

Required:

(i)Calculate the cash paid for wages (2.5 marks)

(ii)Calculate the cash paid to purchase new PPE (2.5 marks)

(iii)Calculate the dividend paid (2.5 marks)

(iv)Calculate cash collected from customers(2.5 marks)