Reference no: EM132533049

Sampa Ltd has assembled the following data for the year ended 30 June 2019:

(a) Payment of cash dividend, $27,600.
(b) Depreciation expense, $19,900.
(c) Cash balance 30 June 2018 $58 000; 30 June 2019 $226 900.
(d) Cash receipt from sale of non-current asset, $160,000.
(e) Cash receipt from issue of preference shares, 105,000.
(f) Accounts Receivable of $14 000 at 30 June 2018 and $24 000 at 30 June
2019. Sales Revenues were $800 000 for 2019.
(g) Accounts Payable of $34,500 at 30 June 2018 and $22,500 at 30 June 2019
and Inventory of $22,500 at 30 June 2018 and $30,000 at 30 June 2019. Cost
of sales was $420,000 for 2019.
(h) Purchase of non-current assets, $280,000 cash.
(i) Amortisationexpense,$15,000.
(j) Interestexpenseandpayments,$10,000.
(k) Payment of salaries, $62,000.
(l) Paymentofloanpayable,$50,000.
(m) Bad debt expense, $5,000.
(n) Payment of tax to the tax office, $17,000

Required:

Question 1: Prepare Sampa Ltd's cash flow statement for the year ended 30 June 2019. Use the direct method for cash flows from operating activities.