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Boom Boom Cars Ltd is a small proprietary limited company that sells motor vehicle parts. The opening bank balance on 1 January 2019 was $5,000. The following is a summary of business transactions for the year ending 31 December 2019.
$Cash Sales 50,000
Loan Repayment 20,000
Payments for electriity 1,000
Cash purchase of Motor Vehicle 15,000
Question 1: From the relevant information above, use a statement of cash flows for the year ended 31 December 2019
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