You are required to prepare a statement of cash flow for K. Barrett for the year ending 30 June 2013 from the following using the IAS7 layout. K. Barrett Income Statement for the year ending 30 June 2013 Gross profit££ Add reduction in allowance for doubtful debts155,030 200 155,230 Less Expenses Wages and salaries61,400 General trading expenses15,200 Equipment running costs8,140 Motor vehicle expenses6,390 Depreciation: Motor vehicles 5,200 Equipment6,300 Loss on sale of equipment1,600 (104,230) Net profit51,000 Statements of Financial Position as at 30 June 20122013 $$ Non-current assets Equipment at cost40,40030,800 Less Depreciation to date(24,600)(20,600) 15,80010,200 Motor vehicle at cost28,30028,300 Less depreciation to date(9,200)(14,400) 19,10013,900 34,90024,100 Current assets Inventory 41,700 44,600 Accounts receivable less allowance*21,20019,800 Bank12,60028,100 75,50092,500 Total assets110,400116,600 Current liabilities Accounts payable14,30017,500 Non-current liability Loan from T Pine20,00010,000 Total Liability(34,300)(27,500) Net assets76,10089,100 Capital Opening balance65,60076,100 Add net profit42,50051,000 108,100127,100 Less drawings(32,000)(38,000) Total Capital76,10089,100 *Accounts receivable 2012 $22,100 – allowance $900 Accounts receivable 2013 $20,500 – allowance $700 Note: Equipment was sold for $15, 900. Equipment costing $18,100 was purchased during