The following comparative statements of financial position and income statement are for the business of Leone Ltd: LEONE LTD Comparative Statements of Financial Position as at 30 June 2020 2019 ASSETS Cash at bank 22 000 42 000 Accounts receivable 93 000 80 000 Interest receivable 3 000 1 000 Inventory 135 000 138 000 Prepaid expenses 8 000 7 000 10 year loan to Boot Lid 11 000 Plant and machinery(net) 453 000 219 000 $725 000 5487 000 LIABILITIES AND EQUITY Accounts payable $ 91 000 $ 57 000 Salaries payable 4 000 6 000 Expenses payable 1 000 3 000 10 year debentures 160 000 77 000 Share capital 359 000 258 000 Retained earnings 110 000 86 000 $725 000 $487 000 LEONE LTD Income Statement for year ended 30 June 2020 INCOME Sales revenue $284 000 Interest revenue 21 000 Gain on sale of machinery 8 000 313 000 EXPENSES Cost of sales $150 000 Salary expense 56 000 Depreciation - plant and machinery 18 000 Other expenses 17 000 Interest expense 16 000 Income tax expense 15 000 272 000 PROFIT $ 41 000 Additional information (i) New machinery costing $306 000 was purchased for cash during the year. (ii) Old machinery with a net value of $54,000 was sold for cash. (ii) A cash dividend has been paid to shareholders. Required: Prepare the statement of cash flows for the year ended 30 June 2020, using the t-account method