The following are the financial information for Toodyay Water Limited.

Toodyay Water Limited

Comparative statements of financial position

	June 30, 2020	June 30, 2019
Assets
Cash at Bank	$60,000	$22,000
Accounts Receivable	85,000	76,000
Inventory	180,000	189,000
Land	75,000	100,000
Equipment	260,000	200,000
Accumulated depreciation - equipment	(66,000)	(42,000)
Total assets	594,000	545,000
Liabilities and equity
Accounts payable	34,000	47,000
Long term loan payable	150,000	200,000
Share capital	214,000	164,000
Retained earnings	196,000	134,000
Total liabilities and equity	594,000	545,000

Additional information for the financial year ending 30 June 2020:

1. Net profit after tax was $105,000. Total expenses were $873,000 and included cost of sales expense $528,000, interest paid $15,000, tax expense $45,000, depreciation $24,000 and other operating expenses $261,000.
2. Cash dividends of $43,000 were declared and paid.
3. Ordinary shares were issued for $50,000 cash.
4. Credit sales were $978,000. There were no cash sales.
5. Land was sold at cost.

Required

Prepare a statement of cash flows for Toodyay Water Limited for the year ending 30 June 2020, using the direct method. Show your workings by re-constructing the relevant ledger accounts.