The following data are revealed by King Kong Pty Ltd at 30 June 2019.

Cash balance at 1 July 2018	$50 000
Gain on sale of equipment	6 000
Income tax payments	21 000
Cash paid to suppliers	153 500
Cash received from customers	425 500
Proceeds from issue of shares	216 000
Proceeds from sale of land	76 000
Depreciation expense	55 000
Interest payments	30 000
Payments of long-term debt	16 500
Payments to employees	78 000
Dividends received from investment in shares	17 500
Investment in new technology equipment	335 000
Payments of dividends to shareholders	22 000

Required:

Use the direct method to prepare a Statement of Cash Flows for King Kong Pty Ltd for the year ended 30 June 2019.