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In: Accounting1. Cash Flow StatementsPrepare a cash flow statement for Anna’sApples Ltd using the information below....1. Cash Flow StatementsPrepare a cash flow statement for Anna’sApples Ltd using the information below. Use the indirect method foroperating cash flows.Net Profit for year ended 30 June 2017:$200,000 30June2017 1July 2016Cash ? $20,000Inventory $30,000 $40,000AccountsPayable $15,000 $30,000UnearnedRevenue $12,000 $15,000Prepaid Insurance $18,000 $33,000Goodwill $50,000 $0Equipment $300,000 450,000Acc Dep’n Equipment$150,000 $160,000LoanPayable $50,000 $100,000During the year equipment with a cost of$150,000 and accumulated depreciation of $50,000 was sold for$115,000. No other purchases or sales of equipment was made duringthe year.During the year another business waspurchased for cash.