The statements of financial position of Minnie Ltd as at 30 June 2021 and 30 June 2020 are presented below.

MINNIE LTD Statements of Financial Position as at 30 June
	2021	2020
Current assets Cash at bank Accounts receivable Inventory Prepayments Non-current assets	127 200 275 000 22 800	74 600 111 300 221 200 23 000
Buildings Accumulated depreciation buildings Equipment Accumulated depreciation equipment Land Long-term investments Total assets	639 000 (111 400) 361 200 (89 900) 168 000 70 000 1 461 900	339 000 (97 600) 331 200 (67 000) 39 000 160 000 1 134 700
Current liabilities Bank overdraft Accounts payable Accrued expenses Current tax liability	16 700 215 000 10 500 26 000	218 000 14 000 24 000
Non-current liabilities Loan payable Debentures due 1/9/21 Total liabilities	240 000 300 000 808 200	150 000 200 000 606 000
Net assets Equity Share capital Retained earnings Total equity	653 700 502 100 151 600 653 700	528 700 388 100 140 600 528 700

Examination of the companys general ledger accounts revealed the following:

(a) Depreciation expense was recorded during the year as follows: buildings $13 800; and equipment $22 900.

(b) An extension was added to the building at a cost of $300 000 cash.

(c) Long-term investments with a cost of $90 000 were sold for $125 000.

(d) Vacant land next to the companys plant was purchased for $129 000 with payment consisting of $39 000 cash and a loan payable for $90 000 due on 31 July 2018.

(e) Debentures of $100 000 were issued for cash at nominal value.

(f) Thirty thousand shares were issued at $3.80 per share.

(g) Equipment was purchased for cash.

(h) Sales for the period were $875 600; cost of sales amounted to $525 300; other expenses (excluding depreciation, carrying amount of investments sold, interest, and bad debts) amounted to $149 400.

(i) Bad debts of $3500 were written off.

(j) Income tax paid during the year amounted to $73 700.

(k) Interest expense and interest paid amounted to $40 000.

(l) The bank overdraft is integral part of the companys cash management function.

Required

Prepare a reconciliation of net cash flows from operating activities with the profit for the year as required by AASB 107.