The balances in the account of XYZ at 30 June 2018 and 2019 are as follows

In-class Test: Topic 7 Statements of Cash Flows The balances in the accounts of XYZ at 30 June 2018 and 2019 are as follows: 2019 2018 (S000) (S000) Sales (on all credit) Cost of sales Doubtful debts expense Interest expense Salaries Depreciation 250 130 25 20 30 10 Cash Inventory Accounts receivable Allowance for doubtful debts Land Plant Accumulated depreciation Bank overdraft Accounts payable Accrued salaries Long-term loan Share capital Opening retained earnings 144 139 180 160 270 250 35 150 90 30 19 200 190 18 70 120 100 307 187 30 150 100 20 20 90 Other information Share capital is increased by the bonus issue of 20 000 shares for $1.00 each out of retained earnings. Plant is acquired during the period at a cost of $30 000, while plant with a carrying value of Snil (cost of $20 000; accumulated depreciation of $20 000) is scrapped: REQUIRED Prepared a statement of cash flows for XYZ Ltd for the year ending 30 June 2019. Show all your workings. Hint: Reconciliation of cash 2019 2018 S000 $000 144 139 20 19 124 120 For the purposes of the statement of cash flows, cash includes: Cash Bank overdraft Cash and cash equivalent