From the following details you are to draft a cash flow statement for C Willis for the year ended 31 December 20X8:

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C Willis Profit and Loss Account for the year ended 31 December 20X8 Gross profit Add Discounts received Profit on sale of van Less Expenses Motor expenses Wages General expenses Bad debts Increase in bad debt provision Depreciation: Van 29,328 298 570 868 30,196 1,590 8,790 2,144 340 120 1,090 14,074 16,122 Balance Sheets at 31 December 20X7 20X8 Fixed assets Vans at cost 11,200 Less Depreciation to date (4,160) 7,040 7,200 (2,980) 4,220 Current assets Stock 10,295 17,150 Debtors less provision* 5,190 3,380 Bank 1,568 2,115 17,053 22,645 Less Current liabilities Creditors (2,770) (2,920) 14,283 19,725 21,323 23,945