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Use the financial statements provided below to answer question the question. IL Manufacturing Ltd Statement of Financial Position as at 30 June 2017 Current Assets 2017 Cash at bank 52,800 Accounts receivable 31,200 Inventory 16,000 Pre-Paid rent 800 Total Current Assets 100,800 Non-Current Assets PPE 50,000 Accumulated depreciation: PPE -16,000 Total Non-current Assets 34,000 Total ASSETS $ 134,800 $ 2016 33,000 34,000 15,000 500 82,500 50,000 -8,000 42,000 124,500 24,000 8,000 32,000 Liabilities Accounts payable 18,000 Salaries & Wages payable 15,600 Total Current Liabilites 33,600 Equity Ordinary shares 54,000 Retained eamings 47,200 Total Equity 101,200 Total LIABILITIES & EQUITY $ 134,800 $ 54,000 38,500 92,500 124,500 IL Manufacturing Ltd Statement of Financial Performance for the year ended 30 June 2017 Revenue Sales 420,000 Less Cost of Sales 336,000 Gross Profit 84,000 Operating Expenses Depreciation expense Salaries & Wages expense Rent expense Total Expenses 8,000 19,200 14,400 33,600 NET PROFIT $ 50,400 Using the financial statements for IL Manufacturing Ltd, use the DIRECT METHOD to prepare the CASH FLOW FROM OPERATIONS section ONLY of the Statement of Cash Flows including breakdown of accounts for the year ending 30 June 2017 using the summarised template provided below. Make sure you show ALL your workings. C IL Manufacturing Ltd Statement of Cash Flows for the year ended 30 June 2017 Cash Flows from Operations -- Cash receipts from customers --- Cash payments to suppliers- --- Cash payments to employees - Cash payments to others Net Cash Flow from Operating Activities

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