*Use the Direct cash flow statement method

The financial reports for Apple Supplies Limited are as follows:

Comparative Balance Sheet for Apple Supplies Limited as at 30 June 2019

	2019	2018
ASSETS
Cash At Bank	52,000	23,000
Accounts Receivable	235,000	221,000
Inventory	73,000	55,000
Prepaid Rent	6,000	5,000
Motor Vehicles	75,000	102,000
Accum. Depn Motor Vehicles	(22,000)	(32,000)
	419,000	374,000
LIABILITIES
Accounts Payable	91,000	82,000
Dividend Payable	13,000	15,000
Wages Payable	6,000	7,000
Tax Payable	15,000	13,000
Loan	80,000	52,000
	205,000	169,000
EQUITY
Share Capital	97,000	135,000
Retained Earnings	117,000	70,000
	214,000	205,000

Income Statement for Apple Supplies Limited for the year ended 30 June 2019

Sales		1,200,000
COGS		(500,000)
Gross Profit		700,000
Profit on sale of Motor Vehicle		2,000
Rent	51,000
Wages	530,000
Interest	8,000
Depreciation Motor Vehicles	13,000
Profit before Tax		100,000
Less Tax Expense		(30,000)
Profit		70,000

Additional information:

During the year, a motor vehicle which had cost $27,000 was sold for cash.

Required:

Prepare a Cash Flow Statement (by using the Direct Method) for the year ended 30 June 2019. Show all workings.