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You are provided with the following financial information for Sarkoli's; SARKOLI'S COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 2019 $ 5 2004 6 290

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You are provided with the following financial information for Sarkoli's; SARKOLI'S COMPARATIVE BALANCE SHEETS AS AT JUNE 30 2020 2019 $ 5 2004 6 290 210- ttttt Current Assets Cash at Banke 1 500 - Accounts Receivable (net) 5820 Interest Receivable 380 Inventory 23 000 Prepaid Expenses 1650 $32 350 Non-Current Assets e Equipment 70 000 less Acc. Depreciation (23 000 47000 Total Assets 79 350 20 000 800 $32 500 60 000 (17 600) 42 400 74 900 3 850 3 700 300- 450 7802 Current Liabilities Accounts Payable Interest Payable Expenses Payable Tax Payable Non-Current Liabilities Bank Loane Total Liabilitiese Net Assets 1 290 1 200 6790 720- 5 500 e 25 6600 e 19.000 e 25 7900 e 31 160 $48.190 - $49 110ee Net Assetse $48 190 e $49 1102 e a e Equity Capitale 48 190e 49 110 e e e e Continued on the next page... SARKOLI's INCOME STATEMENT- FOR THE YEAR ENDED JUNE 30 2020- Net Sales $91 400 Cost of Sales $51 200 less Discount Received 550 50 650 Gross Profit: Other Revenue:- 40 750 Interest Income 1 610 1 610-e 42 360- 14 778- Expenses: Selling Expenses General Expenses Doubtful Debts Expense- 7 100+ 4004 Discount Allowed 100 5 400 Depreciation Expense- Interest Expensee 2 300 30 078+ Profit before taxe 12 282 Income tax expense- 3400 Profite $8 882 Additional Information The owner contributed $22,000 cash during the year - you will need to calculate the drawings made by the owner during the period. All drawings were for cash. REQUIRED: Prepare a Statement of Cash Flow Statement using the template provided to you." (10 Marks) Cash Flow Statement For the Year ended 30th 2020 Cash from Operating Activities Receipts from Customers Payments to Suppliers and Employees Cash from Operations Interest Received Interest Paide t tlt t Tax Paide t le t Investing Activities Cash From Non-Current Assets Solde Cash Paid for Purchase of Non-Current Assets e e le e Financing Activities Loan Repayments/Borrowings- Capital Contributions Drawingse Overall increase/Decrease in Cash Opening Cash Balance Closing Cash Balance- e e e

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