Direct plc provided the following information from its records for the year ended 30 September 20X9:
|
B000 |
||
|
Sales |
316,000 |
|
|
Cost of goods sold |
110,400 |
|
|
Other expenses |
72,000 |
|
|
Rent expense |
14,400 |
|
|
Dividends |
10,000 |
|
|
Amortisation expense – |
||
|
PPE |
8,000 |
|
|
Advertising expense |
4,800 |
|
|
Gain on sale of equipment |
2,520 |
|
|
Interest expense |
320 |
|
|
20X9 |
20X8 |
|
|
Accounts receivable |
13,200 |
15,200 |
|
Unearned revenue |
8,000 |
9,600 |
|
Inventor y |
18,400 |
19,200 |
|
Prepaid adver tising |
0 |
400 |
|
Accounts payable |
11,200 |
8,800 |
|
Rent payable |
0 |
1,200 |
|
Interest payable |
40 |
0 |
Required:
Using the direct method of presentation, prepare the cash flows from the operating activities section of the Statement of cash flows for the year ended 30 September 20X9.