Comparative Statements of Financial Position at:

	30 September 2021	30 September 2020
Assets	$	$
Current Assets
Inventory	420 000	460 000
Accounts Receivable	390 000	320 000
Interest Receivable	4 000	9 000
Investments (Held for trading)	50 000	0
Cash in bank	75 000	0
Cash in hand	7 000	5 000
Total Current Assets	946 000	794 000
Non-Current Assets
Property, Plant and Equipment (net)	584 000	510 000
TOTAL ASSETS	1 530 000	1 304 000
Liabilities and Shareholders Equity
Current Liabilities
Bank overdraft	0	70 000
Accounts Payable	550 000	400 000
Interest Payable	6 000	33 000
Income Tax Payable	100 000	90 000
Other Payables	30 000	0
Total Current Liabilities	686 000	593 000
Non-Current Liabilities
10% Note	0	40 000
5% Note	329 000	349 000
Total Non-Current Liabilities	329 000	389 000
TOTAL LIABILITIES	1 015 000	982 000
Shareholders Equity
Ordinary Share Capital ($1.00 par)	452 000	392 000
Retained Earnings	63 000	(70 000)
Total Shareholders Equity	515 000	322 000
Total Liabilities and Shareholders Equity	1 530 000	1 304 000

Statement of Profit or Loss for year ending 30 September 2021

	$	$
Sales Revenue		2 900 000
Cost of Sales		(1 734 000)
Gross Profit		1 166 000
Operating Expenses:
Administrative expenses	342 000
Distribution costs	520 000	(862 000)
Income from operations		304 000
Other Revenues and Expenses
Interest Income from Investments	5 000
Interest expense	(19 000)
		(14 000)
Income from continuing operations before income taxes		290 000
Income tax expense		(104 000)
Net Income		186 000

Additional information:

(1) On 1 October 2020, Hollywood Estate issued additional shares at par.

(2) Property, plant and equipment disposed in the year had a carrying amount of $75 000; cash received on disposal was $98 000.

(3) Depreciation charge for the year on property, plant and equipment was $87 000.

(4) An interim dividend of $53 000 was paid during the year.

Required:

Complete the schedule provided to prepare a Statement of Cash Flows for the year ending 30 September 2021 using the direct Method for Hollywood Estate.