You are required to draw up a cash flow statement for S Markham for the year ended 30 June 19X8 from the following information:

The equipment was sold for £4,500.

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S Markham Profit and Loss Account for the year ended 30 June 19X8 Gross profit Add Reduction in bad debt provision 139,940 170 140,110 Less Expenses: Wages and salaries 49,220 General trading expenses 14,125 Equipment running costs 16,040 Motor vehicle expenses 8,110 Depreciation: Motor vehicles 3,090 Equipment 2,195 Loss on sale of equipment 560 93,340 Net profit 46,770