The following comparative statements of financial position and Income statement are for the business of Fullarton Ltd: FULLARTON LTD Comparative Statements of Financial Position as at 30 June 2021 2020 ASSETS Cash at bank 32 000 22 000 Accounts receivable 83 000 100 000 Interest receivable 3 000 1 000 Inventory 135 000 138 000 Prepaid expenses 8 000 7 000 10 year loan to GE Ltd 11 000 0 Plant and machinery(net) 453 000 219 000 $725 000 $487 000 LIABILITIES AND EQUITY Accounts payable $ 91 000 $ 57 000 Salaries payable 3 000 5 000 Expenses payable 2 000 4 000 10 year debentures 160 000 77 000 Share capital 359 000 258 000 Retained earnings 110 000 86 000 $725 000 $487 000 FULLARTON LTD Income Statement for year ended 30 June 2021 INCOME Sales revenue $184 000 Interest revenue 121 000 Gain on sale of machinery 8 000 313 000 EXPENSES Cost of sales $50 000 Salary expense 156 000 Depreciation - plant and machinery 18 000 Other expenses 17 000 Interest expense 16 000 Income tax expense 15 000 272 000 PROFIT $ 41000 Additional information (1) A cash dividend has been paid to shareholders. (1) New machinery costing $306 000 was purchased for cash during the year. (III) Old machinery with a net value of $54,000 was sold for cash. Required: Prepare the statement of cash flows for the year ended 30 June 2021, using the T-account method. All workings must be shown. (20 marks)