Waitomo Pty Ltd
Statement of profit or loss
For the year ended 30 June 2020
Sales		$297,500
Gain on sale of equipment		8,750
Less		306,250
Cost of sales	$99,460
Other operating expenses (excluding depreciation expense)	14,670
Depreciation expense	49,700
Interest expense	2,940
Income tax expense	7,270	174,040
Profit		$132,210

Additional information:

a) Accounts receivable increased by $29,800

b) Inventory increased by $19,250

c) Plant and equipment increased by $45,000

d) Accumulated depreciation-plant and equipment increased by $9,500

e) Accounts payable increased by $4,420

f) Accrued expenses payable decreased by $6,730

g) Debentures payable increased by $30,000

h) Retained earnings increased by $53,810

i) During the year, new equipment costing $92, 000 was purchased for cash, and old equipment was sold for cash.

Required:

1) Prepare the operating activities section of the Statement of Cash Flows for Waitomo Pty Ltd for the year ended 30 June 2020, using the indirect method.

2) Using the given information, calculate the amount of the following cash flows for the Statement of Cash Flows for the year ended 30 June 2020, using the direct method. Show your workings.

i) Calculate the amount of cash receipts from customers

ii) Calculate the amount of cash paid to suppliers

iii) Calculate the amount of cash paid for other operating expenses

iv) Calculate the amount of cash proceeds on sale of the old equipment