0 June 2017	30 June 2018
Cash	20,000	91,000
Accounts receivable	65,000	90,000
Inventories	58,000	62,000
Prepayments	10,000	12,000
Land	80,000	90,000
Equipment	280,000	320,000
Accumulated depreciation	(60,000)	(92,000)
	453,000	573,000
Accounts payable	45,000	48,000
Loans	160,000	200,000
Share capital	200,000	230,000
Retained earnings	48,000	95,000
	453,000	573,000

Additional information

• There were no disposals of land or equipment during the year.
• A $30,000 loan was settled through the issue of ordinary shares. There were no other repayments of loans.
• Profit for the year was $120,000, interest expense was $14,000, and income tax expense was $41,000. There were no items of other comprehensive income.
• A $73,000 dividend was paid during the year.
• Sales revenue for the year was $300,000. There was no other revenue.

Required

Use the indirect method of presenting cash flows from operating activities and prepare a statement of cash flows in accordance with AASB 107/IAS 7 for the year ended 30 June 2018.