A summarised comparative statement of financial position of Denim Ltd is presented below, together with the statement of profit or loss and other comprehensive income for the year ended 30 June 2019 30 June 2018 30 June 2019 Cash Trade receivables Inventories Investments at fair value through OCI Plant Accumulated depreciation $ 30000 46 000 30000 35 000 125 000 (23 000) $243 000 $ 68 000 70000 32 000 40000 150 000 (35 000) $325 000 30 June 2018 30 June 2019 39000 3000 10000 Accounts payable Accrued interest Curent tax payable Deferred tax liability Borrowings Share capital Retained earnings Investment revaluation reserve $ 43000 5000 12000 1 500 100000 100000 60000 3500 60000 100000 31000 $243000 $325000 DENIM LTD Statement of profit or loss and other comprehensive income for the year ended 30 June 2019 Sales Cost of sales Gross profit Distribution costs Administration costs Interest Profit before tax Income tax expense Profit for the year Other comprehensive income Gain on revaluation of investments (net of tax) Total comprehensive income $700000 (483 000) 217 000 (62 000) (74 000) (6 000) 75 000 (23000) 52 000 3 500 $55 500 Additional information There were no disposals of investments or plant during the year A dividend of $23 000 was paid during the year The deferred tax liability is in relation to investments Required Using the direct method of presenting cash flows from operating activities, prepare a statement of cash flows in accordance with AASB 107/IAS 7 for the year ended 30 June 2019