Kim Khan has been in business as a sole trader for the past 5 years. The comparative statements of financial position for the years 2019 and 2020 and a summarised income statement for the year ended 30 June 2020 are shown below: Kim Khan Comparative statements of financial position as at 30 June 2019 2020 Current assets Cash $700 Accounts receivable 4,000 2,800 Inventory 5,000 5,600 Prepaid insurance 300 100 Non-current assets Equipment 18,000 24,000 Accumulated depreciation equipment (5,000) (6,200) Land 20,000 23,400 Motor vehicles 14,000 15,000 Accumulated depreciation motor vehicles (5,490) (6,290) Total assets 50,810 59,110 Current liabilities Bank overdraft 300 Accounts payable 6,150 7,750 Non-current liabilities Long-term mortgage 13,500 18,000 Total liabilities 19,950 25,750 $30,860 $33,360 Net assets Equity Kim Khan, Capital Total equity $30,860 $33,360 $30,860 $33,360 Kim Khan Income statement for the year ended 30 June 2020 Sales $16,500 Less: Cost of sales 4,500 Gross profit 12,000 Less: Expenses (including depreciation) 8,000 Profit $4,000 Additional information Kim had contributed capital during the year for $5,000 cash and had made cash withdrawals during the year. The bank overdraft was considered to be part of the entity's everyday cash management activities. Prepare a statement of cash flows using the direct method for Kim Khan's business for the year ended 30 June 2020. (Show amounts that decrease cash flow using either a negative sign, e.g. -15,000, or parentheses, e.g. (15,000).) Kim Khan Statement of cash flows for the year ended 30 June 2020