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will upvote for sure but need to be correct solution Palm Ltd Comparative Statements of Financial Position as at 30 June 2018 2017 Assets Cash

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Palm Ltd Comparative Statements of Financial Position as at 30 June 2018 2017 Assets Cash at Bank Accounts Receivable (net) Inventories Prepaid Operating Expenses Investments Plant Accumulated Depreciation - Plant Total Assets $144.000 170,000 240,000 38,000 180,000 620,000 (130.000) $1.262.000 $70,000 106,000 264.000 50,000 150,000 500,000 (120.000) $1.020.000 Liabilities and Shareholders' Equity Accounts Payable Operating Expenses Payable Interest Payable Income Tax Payable Notes Payable Share Capital Retained Eamings Total Liabilities and Shareholders' Equity $176,000 58,000 4,000 6,000 260.000 490,000 268.000 $1.262.000 $140,000 48.000 3,000 7,000 320.000 340,000 162.000 $1.020.000 Palm Ltd Statement of Profit or Loss for the Year Ended 30 June 2018 $960.000 Sales Less: Cost of Sales Operating Expenses (excluding Depreciation) Depreciation Expense Interest Expense Income Tax Expense Loss on Sale of Plant Profit after Tax $580,000 120,000 34,000 36.000 30,000 6.000 (806.000) $154.000 The following additional information was provided: (a) All sales and purchases of inventories were on account (b) Accounts Payable pertains to inventory creditors. (c) New plant costing $170,000 was purchased for cash during the year. The old plant was sold for cash, resulting in a loss of $6,000. (d) Investments were purchased for cash during the year. (e) Notes with a face value of $60,000 were converted into $60,000 of ordinary shares. (1) Additional shares were issued for cash during the year. (g) A cash dividend was declared and paid during the year. Required: For the purpose of this question, please ignore GST, but show ALL your workings. i. Prepare a Statement of Cash Flows for Palm Ltd for the year ended 30 June 2018 using the direct method. ii. Prepare a reconciliation of net profit after tax to net cash provided from operating activities

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