The income statement and additional data of Best Corporation Ltd follow: E (Click the icon to view the income statement.) 0 (Click the icon to view the additional data.) Requirement Prepare Best Corporation's cash ow statement for the year ended 30 June 2016. Use the direct method. ..... Prepare Best Corporation's cash ow statement for the year ended 30 June 2016. Use the direct method. (Use brackets or a minus sign for numbers to be subtracted. Leave any unused cells I peratin o activities. X Income statement Additional data Best corporation Ltd Collections from customers are $15 500 more than sales. Income statement . Dividend revenue, interest expense, and income tax expense equal their for the year ended 30 June 2016 cash amounts. Payments to suppliers are the sum of cost of sales plus advertising Revenues: expense. Sales revenue 3; 231 000 Payments to employees are $1 000 more than salary expense. _ _ 8 000 Acquisition of non-current assets is $102 000. DMdend revenue $ 239 000 Cash receipts from sale of land total $24 000. Expenses: Cash receipts from issue of ordinary shares total $32 000. Cost of sales :3 102 000 Payment of longterm bill payable is $17 000. Salary expense 48 000 Payment of dividends is $10 500. Cash balance, 30 June 2016, was $28 000; 30 June 2015, was $25 000. Depreciation expense 28 000 Advertising expense 13 000 Income tax expense 11 000 Interest expense M E Prot w Rem