Flynn’s business incurs the following transactions in the year to 31 March 2012: Purchase of inventory for cash of £1300. Sale of a non-current asset with a written down value of £300. The sale...

Purchase of inventory for cash of £1300.

Sale of a non-current asset with a written down value of £300. The sale proceeds are £900.

Sale on credit for £3500.

Payment made in respect of a trade payable outstanding, for electricity bill of £6350.

Drawings of £800.

Purchase of a motor vehicle for use in the business on 1 April 2011. The vehicle costs £10 000 and is to be depreciated at 25% per annum.

For each transaction show the impact on cash, other assets and liabilities, and the impact on profits.