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.