A summarised comparative statement of financial position of Aragon Ltd is presented below, together with the statement of profit or loss for the year ended 30 June 2020.

	Aragon Ltd Statement of Financial Position as at 30 June 2020
		2020				2019
		$				$
	Assets Cash at bank Accounts receivable Inventory Land Buildings Accumulated depreciation buildings Motor Vehicle Accumulated depreciation motor vehicle Total assets		107 500 94 500 113 500 75 000 265 000 (100 000) 40 000 (10 000) 585 500				77 000 86 000 124 000 62 500 137 500 (85 000) 40 000 (5 000) 437 000
	Liabilities Accounts payable Interest payable Provision for employee benefits Borrowings Equity Share capital Asset Revaluation Surplus - Land Retained earnings Total liabilities and equity		67 000 250 5 000 66 250 191 250 50 000 272 000 585 500				60 500 750 8 750 45 000 170 000 0 197 000 437 000

	Aragon Ltd Statement of Profit or Loss for the year ended 30 June 2020
	Income Sales (all on credit) Less: Expenses: Cost of sales Employee expenses Interest expense Loss on the sale of land Depreciation expense buildings Depreciation expense motor vehicle Profit for the year		283 000 77 000 5 000 7 000 15 000 5 000		$	467 000 392 000 75 000

Additional information

(a) During the year ended 30 June 2020, no cash dividends were paid to shareholders.

(b) Building extensions were paid for during the year.

(c) A block of land, costing $37 500 was sold for $30 500 cash. The remaining land was revalued during the year.

REQUIRED

Prepare a cash flow statement for Aragon Ltd for the year ending 30 June 2020 using the direct method. Notes are not required. Show all workings as marks are awarded for workings.