Financial figures of the business of C. Wilson for the last 2 years are shown below.

	c. wilson Comparative Statements of Financial Position as at 30 June
				2017							2018
	ASSETS Cash at bank Accounts receivable Inventory Plant and equipment Accumulated depreciation – plant and equipment			$9 000  4 200			$  4 200 14 400 4 800				$10 800 4 500				$  2 820 5 100 16 800 6 300
	Land Buildings Accumulated depreciation – buildings		12 000   600				12 000   11 400				12 000   840				6 000   11 160
							$46 800								$48 180
	LIABILITIES AND EQUITY Accounts payable Bank overdraft C. Wilson, Capital						$   7 200 3 000 36 600							$  7 800 —  40 380
							$46 800							$48 180

The income statement for the business for the year ended 30 June 2018 reveals the following details:

	C. Wilson Income Statement for the year ended 30 June 2018
	INCOME Sales revenue OTHER INCOME Gain from sale of land					$  18 000 2 400
	EXPENSES Cost of sales Depreciation of plant and equipment Depreciation of buildings Loss of sale of plant Other expenses			$9 600 1 200 240 180 2 640		20 400 13 860
	PROFIT					$6 540

Additional information

(a) During the year ended 30 June 2018, Wilson withdrew $30 per week in cash for 52 weeks for private purposes.

(b) Wilson also withdrew $1200 on her business bank account to pay her personal income tax.

(c) Land, shown in the accounts at $6000, was sold during the year for $8400.

(d) Plant costing $1800 and written down to $900 was sold for $720.

(e) Ignore GST.

Required

A. Prepare a statement of cash flows for the year ended 30 June 2018 using the direct method.

B. Prepare the note to the above statement reconciling cash flows from operating activities with profit.