Nadine’s Fitball Pty Ltd began on 1 July 20X0 with cash of $140 000. During the year, Fitball earned service revenue of

$650 000 and collected $620 000 from customers. Fitball expenses for the year totalled $ 450 000, of which $420 000 cash was paid to employees and suppliers. Fitball also brought sports equipment for $200 000 and during the year it paid a cash dividend of $60 000 to its shareholders.

Required:

Prepare the company’s cash flow statement for the year ended 30 June 20X1, using the direct method.