You are provided with the following financial information for Broken Glass, a company that sells glassware. Broken Glass COMPARATIVE BALANCE SHEETS AS AT 30 JUNE 2020 2019 Current Assets Cash at Bank Accounts Receivable (net) Inventory Prepaid Rent Non-Current Assets Delivery Vehicles Less:Accum Depr Del Veh Total Assets 18 600 18 200 14 000 3 000 26 200 13 000 18 000 2 000 $53 800 $59 200 220 000 (62 000) 160 000 (48 000) 158 000 211 800 112 000 171 200 25 000 2 000 16 000 30 000 8 000 12 000 43 000 50 000 Current Liabilities Accounts Payable Salaries Payable Tax Payable Non-Current Liabilities Bank Loan Total Liabilities Net Assets 70 000 113 000 $98 800 10 000 60 000 $111 200 Equity Capital - B Glass 98 800 $98 800 111 200 $111 200 Broken Glass INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2020 Net Sales Cost of Sales Discount Received Gross Profit: $450 000 (185 000) 9 000 274 000 Other Revenue: Gain on disposal of assets Interest Revenue 3 000 7 500 284 500 Expenses: Selling Expense Administrative expenses Doubtful Debts Expense Depreciation Expense Interest Expense Profit before tax Income Tax Expense Profit 56 600 110 000 4 200 22 000 4 100 196 900 87 600 (40 000) $47 600 Additional information: During the year Delivery vehicles which had an historical cost of $30,000 was sold for $25,000 and the company made a gain on disposal of this Delivery vehicles of $3,000. ANSWER THIS QUESTION ON THE PRO FORMA PROVIDED REQUIRED: Prepare a statement of Cash Flows in the pro forma provided in the student submission file. You must show all calculations (an answer without supporting calculations will receive zero marks)