The following information relates to Tut Ltd.

Additional information (dollar amounts expressed in full units):
1. Land was revalued upwards during the year by $80 000.
2. Motor vehicles with an original cost of $145 000 and accumulated depreciation of $65000 were sold for $55 000.
3. Equipment to the value of $60 000 was acquired with the issue of a long-term note. The amount payable has been included in borrowings on the balance sheet.
Prepare a statement of cash flows for Tut Ltd for the year ended 30 June 2016. Also prepare a reconciliation of cash from operating activities to net profit.

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Current assets Cash TUT LTD COMPARATIVE BALANCE SHEET AS AT 30 JUNE 2016 Accounts receivable Inventory Prepaid insurance Noncurrent assets Equipment Accumulated depreciation - equipment Land Motor vehicles Accumulated depreciation - motor vehicles Total assets 2016 $000 143 200 10 640 (200) 680 485 (183) 1775 2015 $000 20 105 220 10 450 (150) 600 520 1565