Reference no: EM133058492

Question - The following information relates to the business of Terrey Hills Ltd for the 2022 year. Credit Sales were $5 920 000 & Cash Sales were $1 844 000 for the year.

Credit Purchases were $5 310 000 & Cash Purchases were $916 000 for the year.

Depreciation Expense was $99 000, Wages paid were $464 000 & Income Tax paid was $100 000.

Purchased new Machinery for $232 000 & sold old Equipment for $96 000 which had cost $144 000.

Received $512 000 proceeds from the Issue of Ordinary Shares & paid out Dividends of $88 000.

Issued $1 000 000 in new Debentures & paid back the Mortgage Loan owing of $640 000.

Cash Received from Debtors was $5 870 000 & Cash Paid to Creditors was $5 330 000 for the year.

Amortisation of Copyrights is $39 000 & Opening Balance of Cash at Bank on 1 January, 2022 is $358 000.

Required - Calculate the following. (You are not required to construct a full Cash Flow Statement).

Cash Inflows from Operating Activities $

Cash Outflows from Operating Activities $

Cash Inflows from Investing Activities $

Cash Outflows from Investing Activities $

Cash Inflows from Financing Activities $

Cash Outflows from Financing Activities $

Closing Balance of Cash at Bank on 31 December, 2022.