Question

Statements of Financial Position of Company S -as at 30 June

	2019 ($)	2018 ($)
Asset
Cash at bank	22000	0
Accounts receivable	22000	18000
Inventory	88000	56000
Equipment	56000	46000
Accumulated depreciation – equipment	-24000	-16000
Land	35000	50000
Buildings	75000	75000
Accumulated depreciation – buildings	-15000	-10000
Total assets	259000	219000
Liabilities
Accounts payable	45000	39000
Equity
Share capital	204000	174000
Retained earnings	10000	6000
Total liabilities and equity	259000	219000

Statements of Profit & Loss - as at 30 June                                                  

Income			($)
Sales revenue			112500
Less: Expenses:
Cost of sales:
Beginning inventory	56000
Add: Purchases	92000
Less: Ending inventory	88000	60000
Depreciation – equipment		8000
Depreciation – buildings		5000
Interest expense		3500
Other expenses		14000
			90500
Profit for the year			22000

1.       What is the Net cash from operating activities?

2.       What is the Net cash from investing activities?

3.       What is the Net cash from financing activities?

Answer 1