Prepare a cash flow statement EXPRESS LTD COMPARATIVE BALANCE SHEETS FOR 2022 AND 2021 2022 2021

$ $

Current assets Cash 93 50 Accounts receivable 80 60 Inventory 70 100 Prepaid insurance 40 25 Total current assets 283 235 Noncurrent assets Equipment 315 350 Less accumulated depreciation 90 140 Total noncurrent assets 225 210 Total assets 508 445 Current liabilities Accounts payable 50 35 Wages payable 25 15 Rent received in advance 18 15 Accrued other expenses 20 30 Total current liabilities 113 95 Noncurrent liabilities Loan 90 125 Total noncurrent liabilities 90 125 Total liabilities 203 220 Net assets 305 225 Shareholders’ equity Share capital 140 140 Retained earnings 165 85 Total shareholders’ equity 305 225 EXPRESS LTD PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 $
Sales 470 Cost of goods sold 180 Gross profit 290 Other revenue Rent 60 Total revenue 350 Less operating expenses Wages 35 Insurance 30 Depreciation 110 Other expenses 75 Loss on disposal of equipment 4 254 Net profit 96 Additional information:
Equipment that costs $200 was sold during the year.
Required:
Prepare a cash flow statement ending 30 June 2022.