The balances in the accounts of Hippo Ltd at 30 June 2019 and 30 June 2020 were:

	2020 ($)		2019 ($)
Sales (all on credit)	500,000		700,000
Cost of goods sold	260,000		220,000
Doubtful debts expense	50,000		60,000
Interest expense	40,000		60,000
Salaries expense	60,000		50,000
Depreciation	20,000		30,000
Cash	288,000		278,000
Inventory	360,000		320,000
Accounts receivable	540,000		500,000
Allowance for doubtful debts	60,000		70,000
Land	300,000		300,000
Plant	200,000		180,000
Accumulated depreciation	40,000		60,000
Bank overdraft	40,000		38,000
Accounts payable	400,000		380,000
Accrued salaries	44,000		36,000
Long-term loan	180,000		140,000
Share capital	240,000		200,000
Opening retained earnings	614,000		374,000

Other information:

Share capital was increased by the bonus issue of 20,000 shares for $2.00 each out of retained earnings. Plant was acquired during the period at a cost of $60,000, while plant with a carrying amount of $nil (cost of $40,000; accumulated depreciation of $40,000) was scrapped.

Required:

Prepare a statement of cash flows for Hippo Ltd for the year ending 30 June 2020. Ignore tax effects