The cash flows shown below were extracted from the accounts of Jason Taylor, a music shop owner.Repayment of loan $390 000Sale of property 390 000Interest received 1 560Payment to employees 78 000Receipts from customers 273 000Expenses paid 23 400Computer equipment purchase 23 400GST paid 780Payments to suppliers 156 000Income taxes paid 3 120Beginning cash balance 7 800A. Prepare a statement of cash flows using the direct method.B. Outline some cash flow warning signals
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