Account	June 30 2020	June 30 2019
	$	$
Cash and cash equivalents	95,800	64,000
Debtors	231,600	157,200
Inventory	96,720	104,400
Plant and equipment	100,000	75,000
Accumulated depreciation plant and equipment	(40,000)	(29,000)
Total assets	484 120	371,600
Creditors	71,000	74,400
Accrued expenses	30,000	33,000
Long-term loan	100,000	50,000
Capital and reserves	283,120	214,200
Total liabilities and owners equity	484 120	371,600
Sales	440,000
Less: Cost of goods sold	296,000
Gross profit	144,000
Operating expenses (including depreciation)	84,000
Net profit	60,000

Note: 1. No plant and equipment was sold during the year.

2. Dividends of $20,000 in cash were paid during the year.

3. All sales are on credit.

REQUIRED:

Prepare a statement of cash flows for the year ended 30 June 2020 using the direct method.

Triple Threat

Statement of Cash Flows for the year ended 30 June 2020

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Cash at end of the year