The following transactions were taken for the month of June 2018 for the Bendigo General Practice. The opening cash balance in the practice's bank account on 1 June 2018 was The following cash transactions occurred during June 2018. 1 June: Paid yearly insurance of $600 3 June: paid salary of $900 4 June: paid $555 for office supplies 7 June: Received payment from patients of $12,000 12 June: paid $1,307 for office supplies 15 June: paid $1416 for internet connection 17 June: Received $3,535 from patients 19 June: paid $1,400 phone bill 20 June: received $11,788 from patients 23 June: paid $900 for salaries 24 June: received $1,500 from patients 26 June: paid $500 for rent 29 June: paid $498 for computer repairs 30 June: paid $3,600 for salaries . Prepare a cash flow statement for the practice for June (2 marks) 2. Prepare a profit and loss statement for June under the accrual basis. (2 marks) The following additional information is necessary for you to do this: The $12,000 received from patients on June 7 was an advance payment for work to be performed equally during April, May, and June. The $11,788 deposit on June 20 was for services delivered during April and May During June, services valued at $5,000 were delivered and billed, but not yet received. Expenses SalariesThe $900 payment on June 3 consisted of $650 which related to May An additional $1,000 was salaries payable for work done in June, but not yet paid. Rent The amount paid was for month of June Internet connection-The $1,416 payment on June 15 included $700 for usage in June Office supplies $600 of office supplies were actually used during June. . Explain why the profit and loss figures and the cashflow figures are different. To do this you must show how the difference arose eg 'the difference between the cash flow and profit and loss figures was $5,100, of this, $600 was because... (6 marks) 4. Suppose you were interested in buying this practice. What figures would you consider to be the most useful? What other information would you want to consider? Explain your