Comparative statements of financial position as at 31 December 2020 and 2019 and the income statement for 2020 for W. Yu are set out below.

No plant and equipment was sold during the year. W. Yu withdrew $30 000 in cash during the year.
Required

(a) Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the direct method.

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W. YU Comparative Statements of Financial Position as at 31 December ASSETS Cash on hand and at bank Accounts receivable Inventory Plant and equipment Accumulated depreciation plant and equipment 2020 $ 111600 161 400 196 200 408 000 (180 000) $ 697 200 2019 $ 134 400 151 200 208 800 300 000 (162 000) $ 632 400 LIABILITIES AND EQUITY Accounts payable Expenses payable Long-term loan payable W. Yu, Capital 140 400 77 400 60 000 419 400 $ 697 200 132 600 83 400 416 400 $ 632 400