Additional information: 1. During the year, the company made a principal repayment on the bank loan in the amount of $75,000. 2. Equipment with a net carrying amount of $62,000 was sold during the year. 3. No equipment was purchased during the year. Required Prepare a cash flow statement using the direct method only, for the year. - Show the Tee a/c's and the selling J/E for Equipment - Show the Tee a/c for R/E's

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A B C G H Leung LTD. Statement of Financial Position As at September 30, 2023 2023 2022 Assets Current assets: Cash Accounts receivable (net) Inventory Total current assets Equipment Accumulated depreciation, equipment \begin{tabular}{|r|r|} \hline-1282000 & -1350000 \\ \hline 1260000 & 1470000 \\ \hline \end{tabular} Total assets Liabilities and shareholders' equity Current liabilities: Bankindebtedness Accounts payable Total current liabilities Bank loan payable Common shares Retained earnings 10000 0 \begin{tabular}{r|r} 692000 & 600000 \\ \hline 1142000 & 1120000 \\ \hline \end{tabular} Leung LTD. Statement of Income For the year ended September 30, 2023 Sales revenue Cost of goods sold 230000300000 240000300000 395000470000 400000400000 225000300000 12600001470000 Gross profit 245000 Wages expense 276000 Utilities expense 170000 Depreciation expense 200000891000 Rent expense 9,000 Income from operations 8350000 7450000 900000 OtherGains/LossesInterestexpenseGainonsaleofequipmentEarningsbeforeincometax Income tax expense Net income