A. Net is a sole trader and reports the following for the year ended 31 December 20X2:

The car that was disposed of during the year was sold for £400, which was lodged in A. Net's bank account.
Required
Prepare the statement of cash flows in accordance with IAS 7 for A. Net for the year ended 31 December 20X2.

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Statement of profit and loss for the year ended 31 December 20X2 (extract) 2,500 Gross profit Less expenses: Wages Motor expenses Loss on sale of car Depreciation Profit for the year 300 110 20 60490 2,010 A. Net Statements of financial position as at 31 December ASSETS Non-current assets Motor vehicles Depreciation to date 20X2 20X1 1,500 150 1,350 1,750 (270) 1,480 Current assets Inventories Trade receivables less bad debt provision Bank 1,600 1,200 1,220 4,020 5,370 1,200 980 500 2,680 4,160 Total assets EQUITY AND LIABILITIES Equity UI Capital Profits 2,060 2,010 4,070 950 3,120 1,000 1,650 2,650 (590 2,060 rawings Total equity Non-current liabilifies Loan Total non-current liabilities Current liabilities Trade payables Total current liabilities Total liabilities Total equity and liabilities 1800 1,800 1,700 1,700 450 450 2,250 5,370 400 400 2,100 4,160