Callum of Coastal Collections wants to get a home loan.The bank has asked Callum for Statement of Cash Flows for his business for the last financial year.

Callum took money out of the business for his own use$24,000

Cash paid to purchase equipment$28,800

Cash received from Bank loan$48,000

Cash received from customers $89,600

Cost of Goods Sold$38,400

Credit Purchases$5,120

Depreciation expense related to equipment for the period$1,920

GST paid in cash$3,360

Interest paid$192

Made a loss of $5,600 from the sale of equipment for $3,200 cash that originally cost $8,800 four years ago?

Monies deposited into the business by Callum Coastal$19,200

Payments to employees and suppliers$56,000

Repayments to Bank re. loan$4,480

Required:

Use the relevant information provided to prepare a Statement of cash flows for Coastal Collections for the 2021 financial year. .