The following project costs have been estimated relating to the upgrading of some equipment; all the costs are being incurred solely because of the project:

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19X2 January 1 One year's rent on premises paid 6,000 31 Equipment purchased 40,000 March 31 Installation of equipment completed and paid 12,000 December 31 Costs incurred in commissioning equipment 18,000 19X3 January 1 One year's rent on premises paid March 31 Additional commissioning costs paid May 31 Training costs paid June 30 Additional working capital provided December 31 Cash proceeds from sale of old equipment 6,000 10,000 4,000 14,000 10,000 Ignoring tax, prepare a statement showing the outlays of cash on the project in 19X2 and 19X3. The new facility will be in full use from 1 July 19X3.