Can you please provide a worked answer.

This is all the information provided in the question.

20 Prepare a statement of cash flows LO4,5,6 using the indirect method The balance sheets for the Intelligence Company are as follows: Comparative balance sheets as at 30 June 2022 2021 Cash and cash equivalents $ 65000 $ 45000 Accounts receivable 50000 55 000 Inventory 125000 175 000 Property, plant and equipment 930 000 745000 Accumulated depreciation (270000) (200 000) $820 000 $105000 200000 Total assets $900 000 Accounts payable $ 110 000 Unsecured syndicated bank loan 180 000 (long-term) Total liabilities $290 000 Ordinary shares $350 000 Retained earnings 260 000 Total shareholders' equity 610 000 Total liabilities and shareholders' equity $900 000 $305000 $280 000 235000 515000 $820000 The following additional information is available: i Profits after tax for 2022 were $50 000. ii Cash dividends of $25000 were paid during the year. iii A portion of unsecured syndicated bank loan matured and was repaid during the year. iv Ordinary shares were issued for cash. V Property and equipment were purchased for cash. No non-current assets were sold during the year. vi The change in accumulated depreciation is a result of depreciation expense. REQUIRED Prepare a statement of cash flows for the year using the direct method for the operating activities section and prepare a reconciliation of profits after tax to cash flow from operations