You are required to draw up a cash flow statement for S Markham for the year ended 30 June 20X8 from the following information:

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Gross profit S Markham Profit and Loss Account for the year ended 30 June 20X8 Add Reduction in bad debt provision Less Expenses: Wages and salaries General trading expenses Equipment running costs Motor vehicle expenses Depreciation: Motor vehicles Equipment Loss on sale of equipment Net profit 139,940 170 140,110 49,220 14,125 16,040 8,110 3,090 2,195 560 (93,340) 46,770 Balance Sheets at 30 June 20X7 20X8 Fixed assets Equipment at cost f 31,150 E 20,100 Less Depreciation to date (18,395) (14,600) 12,755 5,500 Motor vehicles at cost 22,510 22,510 Less Depreciation to date (7,080) (10,170) 15,430 12,340 28,185 17,840 Current assets Stock 28,970 32,005 Debtors less provision* 16,320 15,050 Bank 9,050 28,225 54,340 75,280 Less Current liabilities Creditors (11,350) (14,360) 42,990 60,920 71,175 78,760