An analysis of the cash account for Benson Ltd for the 2017/2018 financial year revealed the following information:

(a) Cash on hand 1 July 2017, $50,000.

(b) Cash payments:

• Income taxes 30,000.
• Dividends 24,530.
• Purchase equipment 34,000.
• Interest 7,000.
• Liquidate short-term debt 13,000.
• Purchase land 23,000.
• Suppliers and employees 214,630.
• Liquidate long-term debt 25,630.

(c) Cash receipts:

• Customers 245,630.
• Issuing long-term debt 21,000.
• Selling equipment 40,000.
• Issuing preference shares 15,000.
• Interest received 10,256.
• Selling land 19,000.
• Issuing short-term debt $15,000.

Prepare a statement of cash flows for Benson Ltd for the year ended 30 June 2018 in accordance with the requirements of AASB107 and calculate cash on hand at 30 June 2018.