20 Prepare a statement of cash flows using the indirect method LO4,5,6 The balance sheets for the Kapion Company are as follows: Comparative balance sheets As at 30 June 2017 2016 Cash and cash equivalents 65000 45000 Accounts receivable 50000 55000 Inventory 125000 175 000 Property, plant and equipment 930000 745000 Accumulated depreciation 270000 200000 Total assets $900000 820000 110000 $105000 Accounts payable Unsecured syndicated bank loan 200000 180000 (long-term) $290000 $305000 Total liabilities $350000 $280000 Ordinary shares 260000 235000 610000 515000 Retained earnings Total shareholders' equity Total liabilities and $900 000 820000 shareholders' equity The following additional information is available: a Profits for 2017 were $50000