Samm Statement of Changes in Equity for the year ended 31 December, 2020

Opening capital, 01 January 365,000

Cash drawings (42,900)

Capital invested during the year 170,000 45,900

Profit for the period

Ending capital, 31 December 538.000

During the year, equipment with a book value of $130 000 was sold for $80 000.

The loss of sales was included in administrative expenses

Selling exp includes an annual depreciation charge of $106,800. A piece of equipment valued $287,200 was purchased during the year by cheque

Current assets at 31 December 2019 include cash at bank of $90, 000

Current assets at 31 December 2020 include cash at bank of $80, 000

Prepare a Statement of Cash Flow for the year ended 31 December 2020