The comparative statements of financial position for the years 2019 and 2020 and a summarised income statement for the year ended 30 June 2020 are shown below (Ignore GST and Tax): 2020(8'000) BRIGHTON LTD Comparative Statements of Financial Position as at 30 June 2019 (S'000) Assets Cash Accounts receivable 4 290 Inventory 6 000 Prepaid insurance 300 Equipment 19 200 Accumulated depreciation - equipment (6 000) Land 20 400 Motor vehicles 14 550 Accumulated depreciation - motor vehicles (5 490) Total assets 53 250 Liabilities Bank overdraft 300 Accounts payable 6 150 Long-term mortgage 14 100 Total liabilities 20 550 Net assets 32 700 Equity Share capital 26 700 Retained earnings 6 000 Total equity 32 700 540 3 150 6 600 360 25 500 (7 500) 24 000 15 600 (6 300) 61 950 7950 18 900 26 850 35100 26 700 8 400 35 100 BRIGHTON LTD Income Statement for the year ended 30 June 2020 ($'000) Sales (on credit) Less: Cost of goods sold Gross profit Less: expenses (including depreciation) Profit 16 800 5 100 11 700 8 610 3090 Additional information: Insurance expense for the year ended 30 June 2020 is nil. All other expenses were paid in cash (excluding depreciation). The company declared and paid cash dividend. The bank overdraft was considered to be part of the entity's everyday cash management activities Required Prepare a statement of cash flows using the direct method for the year ended 30 June 2020 (show all workings)