The following are extracts from the Statement of Comprehensive Income of Lilliputs Travels CC as well as the Statement of Financial Position of Lilliputs Travels CC for the financial year ended 30 June 2022:

Statement of Financial Position as at 30 June 2022

ASSETS	2022	2021
Non-current assets	4 703 500	6 149 200
Land at cost	0	1 500 000
Vehicles (carrying value)	2 250 000	2 350 500
Furniture (carrying value)	1 253 500	1 398 700
Investment: Fixed deposit 7% p.a.	1 200 000	900 000
Current assets	2 723 000	1 862 600
Inventory	1 328 000	814 100
Trade receivables	1 395 000	965 500
Cash and cash equivalents	-	83 000
Total assets	7 426 500	8 011 800
EQUITY AND LIABILITIES
Members interest	5 486 000	4 990 100
Members contributions	4 163 000	3 255 10

Retained earnings (Note 1)	1 323 000	1 735 000
Total equity	5 486 000	4 990 100
Non-current liabilities	1 000 500	925 000
Long-term loans from members	1 000 500	925 000
Current Liabilities	940 000	2 096 700
Trade payables	348 000	1 337 000
Distributions to members payable	279 000	362 000
Income tax payable	237 000	397 700
Bank overdraft	76 000	-
Total liabilities	1 940 500	3 021 700
Total equity and liabilities	7 426 500	8 011 800

An extract of the Statement of Comprehensive Income for the year ending 30 June 2022:

Profit before taxation 1 345 600

Income tax expense for the year (376 768)

Net profit for the period 968 832

Note 1 Retained earnings

Balance as at 1 July 2021 1 735 000

Net profit for the period 968 832

Distributions to members for the year (declared) (1 380 832)

Balance as at 30 June 2022 1 323 000

Additional information of transactions that occurred during the financial year and which correctly accounted for:

• The members of Lilliputs Travels CC are satisfied with the interest return the entity received from their fixed deposit and thus decided to invest more on 1 March 2022. All investment and interest transactions were completed in cash.
• The only change in the loans from members was an additional loan amount provided by a member on 1 January 2022.The loans from the members bear interest at a rate of 12% per annum. Interest for the 2022 financial year was paid in cash to the members.
• The following gains were made during the financial year. See further information in bullets below:
  • Gain on sale of land R330 000 AND Gain on sale of a travel minibus R45 000
• The only land owned by Lilliputs Travels CC was sold during the financial year.
• During the financial year, a travel minibus with a carrying value of R435 000 was sold in order to replace it with a new, more fuel-efficient bus. One of the members decided to contribute this new travel minibus from his personal capacity to the close corporation(CC) at a cost of R755 000. The transaction was recorded as a capital contribution in the accounting records of the CC. This was the only addition and disposal of vehicles for the financial year.
• Furniture with a carrying amount of R 30 000 was disposed of for R25 000, whereas one new item of furniture was purchased during the financial year. There were no other purchases or disposals of furniture. A leak in one of the water pipes caused certain furniture to be damaged. It was thus decided to impair the furniture by R25 000. Depreciation of all furniture during the financial year (including that of the furniture disposed and purchased) totaled R180 200.
• There were no other transactions affecting property, plant, and equipment during the financial year other than those mentioned above. All assets have a zero residual value.
• The accounting policy is to measure and disclose all land and vehicles on the cost model but the equipment on the revaluation model.

REQUIRED:Prepare the Statement of Cash Flows of Lilliputs Travels CC for the financial year ended 30 June 2022.Ignore VAT. Show all workings clearly.