King Kong as a sole trader in his business for the past 3 years provides the following data: KING KONG Comparative Statements of Financial Position as at 30 June 2018 2019 CURRENT ASSETS Cash S540 Accounts receivable $4 290 2 150 Inventory 6 000 7 000 Prepaid insurance 300 360 NON-CURRENT ASSETS Equipment 19 200 25 500 Accum depre-equipment (6 000) (7000) Land 20 400 24 000 Motor vehicles 14 550 15 600 Accum deppre - vehicles (5 490) (6 300 TOTAL ASSETS 53 250 61 850 CURRENT LIABILITIES Bank overdraft 300 Accounts payable 6 150 7950 NON-CURRENT LIABILITIES Long-term mortgage 14 100 18 900 TOTAL LIABILITIES 20 550 26 850 NET ASSETS $32 700 $35.000 EQUITY King Kong, Capital $32 700 $35 000 TOTAL EQUITY $32 700 $35 000 Long-term mortgage TOTAL LIABILITIES NET ASSETS EQUITY King Kong. Capital TOTAL EQUITY 14.100 20.550 $32.700 18.900 26 850 $35.000 $32.700 $32.700 $35 000 $35.000 KING KONG Income Statement for the year ended 30 June 2019 Sales $15 800 Less: Cost of sales 5 100 GROSS PROFIT 10700 Less:Expenses (includ depre) 8 610 PROFIT $2 090 Additional information: King contributed $6000 cash as capital and made cash withdrawals during 2019. Besides, the bank overdraft was considered to be part of the entity's every-day cash management activities. 03 Use the indirect method to prepare a statement of Cash Flows from operating activities only for King Kong's business for the year ended 30 June 2019