Comparative Balance Sheets

Current assets	31-Dec 2021 $000	31-Dec 2020 $000
Cash at Bank	102,000	107,000
Accounts Receivable	160,000	159,000
Less: Allowance for doubtful debts	(15,000)	(24,000)
Inventory Javas Ultra02 Systems	152,000	152,000
Total Current Assets	399,000	394,000
Non-current Assets
Property, Plant & Equipment	132,000	145,000
Accumulated Depreciation - PPE	(32,000)	(46,000)
Investment in Spy Toys Ltd	38,000	20,000
Total Non-current Assets	138,000	119,000
Total Assets	537,000	513,000
Current Liabilities
Accounts Payable	136,000	175,000
Accrued Expenses	56,000	19,000
Income Tax Payable	1,000	8,000
Total Current Liabilities	193,000	202,000
Total Liabilities	193,000	202,000
Net Assets	344,000	311,000
Equity
Share Capital	138,000	91,000
Retained Profits	189,000	193,000
General Reserve	13,000	13,000
Revaluation Surplus	4,000	14000
Total Equity	344,000	311,000

Comparative Income Statement

Income	2021 $000	2020 $000
Sales Javas	327,760	296,250
Sales Installation	35,200	18,450
Sales Software and data	38,700	28,725
Total Income	401,660	343,425
Cost of Sales
Cost of Sales Javas Ultra 02 System	305,800	252,520
Gross Profit	95,860	90,905
Expenses
Loss on sale of PPE	12,000	0
Bad debts expense	19,500	10,000
Other expenses	56,000	48,000
Depreciation Expense-PPE	4,000	3,000
Income Tax Expense	700	8,000
Total Expenses	(92,200)	(69,000)
Net Profit	3,660	21,905

The following additional information relating to 2021 is provided:

All sales of inventory, provision of installation, and provision of services were on credit, and all purchases of inventory were made using credit.

Property Plant and Equipment was sold during 2021 for $51,000 cash.

An additional investment in Spy Toys Ltd was made, with shares purchased on the ASX at a market value of $18,000.

A bonus share issue of $10,000 was declared and provided to shareholders out of the Revaluation Surplus. No assets were revalued during the year

Prepare a Cash Flow Statement for the financial year ending 31 December 2021 using the Direct Method.