From the following details you are to draft a statement of cash flows for D. Duncan for the year ending 31 December 2015, using the IAS 7 layout.

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D. Duncan Statement of Profit or Loss for the year ending 31 December 2015 Gross profit 44,700 Add Discounts received 410 Profit on sale of van 620 1,030 45,730 Less Expenses Motor expenses 1,940 Wages 17,200 General expenses 830 Bad debts 520 Increase in allowance for doubtful debts 200 Depreciation: Van 1,800 22,490 23,240