Problem: Amakye Dede has the following information in its 'Cash account' for July: i. Paid employees: $18 000 ii. Paid suppliers: $8 000 iii. Cash sales: $44 000 iv. Collected interest: $3 200 v. Paid interest: $2000 vi. Collected accounts receivable: $20 000. Required: Using the direct method, prepare the operating activities section of Amakye Dede's cash flow statement for July (8 Marks). b. Daavi enterprise purchased equipment for $360,000 on January 1, 2020. The asset useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000. Required: Determine ethe carrying amount of the equipment at the end of the third year of use. Using i. straight-line method ii. units-of-production method (1,200 hours first year; 2,250 hours second year and 2500, 2,380)