Cash flow analysis from account information Prepare a statement of cash flows for Sutherland Limited from the following cash account information.

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Cash, beginning of year 78 840 Proceeds from sale of old equipment 7 000 Cash, end of year 93 620 Repayments on borrowings 80 500 Borrowed from the bank 70 000 Equipment purchased ($5000 still owing) 49 000 Cash expenses 8 920 Dividends paid 20 000 Cash sales 31 610 Employee wages paid 238 530 Collections on accounts receivable 797 640 Income tax paid 14 920 Ordinary shares issued 110 000 Land purchased for cash 81 000 Depreciation for the year 20 000 Payments to suppliers 513 600