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: Inventory Kim Khan Comparative statements of financial position as at 30 June 2019 2020 Current assets Cash $1,100 Accounts receivable 4,480 4,320 5,000 5,600 Prepaid Insurance 300 150 Non-current assets Equipment 18,300 24,700 Accumulated depreciation - equipment (5,600) (7.100) Land 20,500 23,900 Motor vehicles 14,000 15,100 Accumulated depreciation - motor vehicles (5,810) (6,680) Total assets 51,170 61,090 Current liabilities Bank overdraft 300 Accounts payable 6,150 8,150 Non-current liabilities Long-term mortgage 14,300 19,000 Total liabilities 20,750 27,150 Net assets $30,420 $33,940 Equity Kim Khan, Capital $30,420 $33,940 Total equity $30,420 $33,940 Kim Khan Income statement for the year ended 30 June 2020 Sales $17,600 Less: Cost of sales 5,300 Gross profit Less: Expenses (including depreciation) 12,300 8,640 $3,660 Profit Additional information Kim had contributed capital during the year for $6,500 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 Cash flows from operating activities $ Net cash from operating activities $ Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities A A Net cash from financing activities $