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 Accounts receivable Interest receivable Inventory Prepaid expenses 10 year loan to Boot Ltd Plant and machinery(net)				22 000 93 000 3 000 135 000 8 000 11 000 453 000				42 000 80 000 1 000 138 000 7 000 0 219 000
					$725 000				$487 000
	LIABILITIES AND EQUITY Accounts payable Salaries payable Expenses payable 10 year debentures Share capital Retained earnings				$ 91 000 4 000 1 000 160 000 359 000 110 000				$ 57 000 6 000 3 000 77 000 258 000 86 000
					$725 000				$487 000

	LEONE LTD Income Statement for year ended 30 June 2020
	INCOME Sales revenue Interest revenue Gain on sale of machinery							$284 000 21 000 8 000 313 000
	EXPENSES Cost of sales Salary expense Depreciation plant and machinery Other expenses Interest expense Income tax expense				$150 000 56 000 18 000 17 000 16 000 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.

(iii) 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.