A summarised comparative statement of financial position of Kangaroo Ltd is presented below.

Cash

$80,000

$60,000

Accounts Receivable

$65,000

$90,000

Inventories

$58,000

$62,000

Prepayments

$10,000

$12,000

Land

$90,000

$90,000

Plant

$380,000

$300,000

Accumulated Depreciation

($70,000)

($57,000)

$621,000

$557,000

Accounts Payable

$45,000

$52,000

Long-term Borrowings

$170,000

$200,000

Share Capital

$280,000

$230,000

Retained Earnings

$126,000

$75,000

$621,000

$557,000

Additional information

• There were no disposals of land or plant during the year.
• A $30,000 borrowing was settled through the issue of ordinary shares. There were no other repayments of borrowings.
• Profit for the year was $120,000, interest expense was $24,000, and income tax paid was $20,000. There were no items of other comprehensive income.
• A $49,000 dividend was paid during the year.
• Sales revenue for the year was $600,000. There was no other revenue.

Required

Prepare the operating activities section of the statement of cash flows using the indirect method of presentation for the year ended 30 June 2020.