Draw up a cash flow statement for John Flynn for the year ended 31 December 19X9. You are told that fixtures bought in 19X9 cost £400, whilst a motor van was bought for £4,000.

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Buildings Fixtures Less Depreciation Motor van Less Depreciation 2,890 Stock Debtors Bank Cash John Flynn Balance Sheets as at 31 December 19X8 19X9 19X8 19X9 5,000 5,000 Capital at 1 January 15,500 16,100 1,800 2,000 Add Cash introduced 2,500 33 Net profit for year 6,800 7,900 5,470 22,300 26,500 3,000 8,410 Less Drawings 6,200 7,800 4,860 5,970 16,100 18,700 3,100 Creditors 2,900 2,040 350 150 Bank overdraft 1,260 Loan (repayable in 10 years' time) 2,000 5,000 21,000 27,000 21,000 27,000