Lesedi Company (Pty) Ltd.'s balance sheets for the last two years are provided below

Balance Sheet

2019 2018

Cash R 82 000 R 40 000

Accounts Receivable 180 000 150 000

Inventory 170 000 200 000

Equipment 200 000 140 000

Accum. Depreciation (72 000) (60 000)

Total Assets R560 000 R470 000

Accounts Payable R100 000 R 80 000

Long-termPayables 100 000 50 000

Ordinary Shares 250 000 250 000

Retained Earnings 110 0000 90 000

Total Liabilities 560 000 470 000

The company's income statement for 2019 is provided below

Income Statement

2019

Sales R345 000

Expenses:

Cost of Goods Sold R120 000

Operating Expenses 58 000

Depreciation Expense 20 000

Interest Expense 2 000

200 000

Operating Income 145 000

Gain on Sale-- 5 000

Equipment*

Income before Taxes 150 000

Tax Expense 30 000

Net Income/profit R120 000

*The company sold equipment for R57 000 that had a cost of R60 000

Required:

Prepare the company's Statement of Cash flow for 2019. Use the direct method for calculating the cash flows from operating activities.