8 - Cash Flow Statements (6 marks) Condensed financial data of ESTRADA LTD appear below: Additional information: 1. New plant assets costing $75,000 were purchased for cash in 2021. 2. Old plant assets costing $38,000 were sold for $13,000 cash when their carrying amount was $16,000. 3. Notes with a face value of $30,000 were converted into $30,000 of ordinary shares. 4. A cash dividend of $15,000 was declared and paid during the year. 5. Accounts payable pertain to merchandise purchases. Required: Prepare a statement of cash flows for the year using the DIRECT method. (6 marks)