C. WILSON Comparative Statements of Financial Position as at 30 June
		2020				2021
ASSETS Cash at bank Accounts receivable Inventory Plant and equipment Accumulated depreciation – plant and equipment		$9 000    4 200		$  4 200 14 400     4 800		$10 800   4 500		$  2 820 5 100 16 800     6 300
Land Buildings Accumulated depreciation – buildings		12 000   600		12 000     11 400		12 000   840		6 000     11 160
				$46 800				$48 180
LIABILITIES AND EQUITY Accounts payable Bank overdraft C. Wilson, Capital				$   7 200 3 000 36 600				$  7 800 —  40 380
				$46 800				$48 180

C. WILSON Income Statement for the year ended 30 June 2021
INCOME Sales revenue OTHER INCOME Gain from sale of land		$  18 000   2 400
EXPENSES Cost of sales Depreciation of plant and equipment Depreciation of buildings Loss of sale of plant Other expenses	$9 600 1 200 240 180 2 640	20 400           13 860
PROFIT		$6 540

Additional information

1.  During the year ended 30 June 2021, Wilson withdrew $30 per week in cash for 52 weeks for private purposes.

2. Wilson also withdrew $1200 on her business bank account to pay her personal income tax.

3. Land, shown in the accounts at $6000, was sold during the year for $8400.

4. Plant costing $1800 and written down to $900 was sold for $720.

5. Ignore GST.

 

Required

Prepare a statement of cash flows for the year ended 30 June 2021 using the direct method.