Statement of Cash Flows

The following information relates to Ezekiel Limited for the year ended 30 June 2020.

Profit and loss account for the year to 30 June 2020

K K
Gross profit 253,000
Administrative expenses 83,600
Loss on sale of vehicle 3,300
Increase in provision for doubtful debts 1,100
Depreciation 38,500 126,500
Net profit 126,500
Taxation 71,500
55,000
Dividends 27,500
Retained profit from the year 27,500

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Statement of Financial Position as at 30 June 2020
2019 2020
K K K K
Non-Current Assets
Motor Vehicle at Cost 150,000 200,000
Less depreciation 75,000 100,000
75,000 100,000
Current Assets
Inventory 60,000 50,000
Trade receivables 80,000 100,000
Less: Provision for bad debts 4,000 76,000 5,000 95,000
Cash 6,000 8,000
217,000 253,000
Current Liabilities
Trade payables 60,000 53,000
Taxation 52,000 65,000
Proposed dividend 20,000 132,000 25,000 143,000
Capital and Reserves
Ordinary share capital 75,000 75,000
Profit and Loss account 10,000 85,000 35,000 110,000
217,000 253,000

Additional information:
1. The company purchased some new vehicles during 2020 for K75, 000.
2. During 2020 the company also sold a vehicle for K12, 000 in cash. The vehicle had originally cost K25,000 and K10, 000 had been set aside for depreciation.
Required:
(a) Prepare a statement of cash flows for Ezekiel Limited for the year ended 30 June 2020