Kim Khan has been in business as a sole trader for the past 5 years. The comparative statements of financial position for the years 2016 and 2017 and a summarised income statement for the year ended 30 June 2017 are shown below:

	Kim Khan Comparative Statements of Financial Position as at 30 June
			2016				2017
	CURRENT ASSETS Cash Accounts receivable Inventory Prepaid insurance NON-CURRENT ASSETS Equipment Accumulated depreciation – equipment Land Motor vehicles Accumulated depreciation – motor vehicles			— $  4 290 6 000 300 19 200 (6 000) 20 400 14 550  (5 490)				$    540 3 150 6 600 360 25 500 (7 500) 24 000 15 600  (6 300)
	TOTAL ASSETS			53 250				61 950
	CURRENT LIABILITIES Bank overdraft Accounts payable			300 6 150				— 7 950
	NON-CURRENT LIABILITIES Long-term mortgage			14 100				18 900
	TOTAL LIABILITIES			20 550				26 850
	NET ASSETS			$32 700				$35 100
	EQUITY Kim Khan, Capital			$32 700				$35 100
	TOTAL EQUITY			$32 700				$35 100

	Kim Khan Income Statement for the year ended 30 June 2017
	Sales Less: Cost of sales		$16 800   5 100
	GROSS PROFIT Less: Expenses (including depreciation)		11 700   8 610
	PROFIT		$  3 090

Additional information

Kim had contributed capital during the year for $6000 cash and had made cash withdrawals during the year. The bank overdraft was considered to be part of the entity’s everyday cash management activities.

Required

Prepare a statement of cash flows using the direct method for Kim Khan’s business for the year ended 30 June 2017.