The management of Pink Ltd is worried because the bank overdraft has increased by a substantial amount over the financial year ended 30 June 20X4 despite a large profit and the introduction of additional capital. The Balance Sheets as at 30 June 20X3 and 20X4 were as follows:

The internal income statement for the year ended 30 June 20X4 prepared for management purposes, showed the following details:

Additional information • The land was revalued upwards during the year by \(\$ 15000\).
• During the year, a dividend of \(\$ 22500\) had been paid.

• Plant and equipment which had originally cost \(\$ 55000\) and had been depreciated by \(\$ 10000\) was sold during the year for \(\$ 47500\).
• The likely tax payable for the years ended 30 June 20X3 and 20X4 were \(\$ 20000\) and \(\$ 50000\), respectively.
• For the year ended 30 June 20X3, the ATO issued an amended assessment of \(\$ 22500\) resulting in an underprovision of \(\$ 2500\) being recorded in 20X8.
Required:
Prepare a cash flow statement as per AASB 107 including all relevant notes.

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SHAREHOLDERS' EQUITY Share Capital Asset Revaluation Reserve General Reserve Retained Profits NON-CURRENT ASSETS Land PINK LTD Comparative Balance Sheets as at 30 June Buildings Accumulated Depreciation - Buildings Plant & Equipment Accumulated Depreciation - Plant & Equipment CURRENT ASSETS Petty Cash Accounts Receivable 20X3 300 000 50 000 49000 399 000 10 000 60 000 (30 000) 207 000 (27 000) 220 000 200 107 500 20X4 385 000 15 000 85 000 78 500 563 500 25 000 60 000 (35 000) 300 000 (55 500) 294 500 300 200 000