The following comparative statements of financial position are for TG Pte Ltd as at 31 December 20X1 and 31 December 20X2.

TG Pte Ltd

Comparative Statement of Financial Position

As at 31 December

		20X2		20X1
		$		$
Assets
Current assets
Cash		80,100		85,000
Accounts receivable, net		144,000		95,000
Inventory		99,000		70,000
Non-current assets
Equipment	520,000		480,000
Accumulated depreciation equipment	(99,000)	421,000	(140,000)	340,000
Total assets		744,100		590,000
Liabilities and Shareholders Equity
Current liabilities
Accounts payable		43,100		40,000
Salaries payable		13,000		33,000
Income tax payable		28,000		27,000
Non-current liability
Bonds payable		150,000		-
Shareholders equity
Share capital		300,000		300,000
Retained earnings		210,000		190,000
Total liabilities and stockholders equity		744,100		590,000

Additional information:

(i) The equipment, which was sold for cash at a loss on disposal of $7,000, was originally bought at a cost of $80,000.

(ii) During the year, the company purchased additional equipment in cash.

(iii) The total depreciation expense for all equipment recorded in the income statement for the year was $20,000.

(iv) The profit before tax was $130,000 and the income tax expense for the year was $60,000.

Required:

Prepare a statement of cash flows for TG Pte Ltd for the year ended 31 December 20X2.