The following comparative Balance sheets for the years ended June 30, 2019 and 2020 and income statement information for 2020 for Smile Clinic Pty Ltd are set out below:

Account	June 30 2019	June 30 2020
	$	$
Cash and cash equivalents	84,600	52,200
Debtors	72,900	70,200
Inventory	89,100	90,000
Plant and equipment	171,000	117,000
Accumulated depreciation plant and equipment	-72,000	-63,000
Total assets	345,600	266,400
Creditors	67,500	54,000
Accrued expenses	38,700	36,000
Long-term loan	45,000	9,000
Capital and reserves	194,400	167,400
Total liabilities and owners equity	345,600	266,400
Sales	315,000
Less: Cost of goods sold	162,000
Gross profit	153,000
Operating expenses (including depreciation)	99,000
Net profit	54,000

Note: 1. No plant and equipment was sold during the year.

2. Dividends of $27,000 in cash were paid during the year.

3. All sales are on credit.

Required:

Prepare a statement of cash flows for the year ended 30 June 2020 using the direct method