Three sisters formed a partnership to sell skin care products made from organic ingredients. They have been operating for one year. The bank balance at the end of the year is $41 000. A summary of business transactions is as follows:

Sales to customers 256 000 Receipts from customers 199 000 Payments for inventory 103 000 Payments for electricity, telephone, rent and insurance 5 000 Purchase of a motor vehicle 30 000 Drawings 50 000 Payment of interest 8 000 Loan proceeds 20 000 Interest received 1 000 Income taxes paid 3 000 Equity Injection 20 000

Required: Prepare a statement of cash flows.