On August 31, in addition to making annual interest payments SRS repaid the loan outstanding prior to FY 2021 in full. A $25,000 principal repayment on the loan taken out at the beginning of FY 2021...

On August 31, in addition to making annual interest payments SRS repaid the loan outstanding prior to FY 2021 in full. A $25,000 principal repayment on the loan taken out at the beginning of FY 2021 is due on September 1, 2021.

Prepare an activity statement (operating statement), a comparative statement of financial position (balance sheet), and a statement of cash flows (using the indirect method). What do you learn from these statements, and what questions do they raise?