A summarised comparative statement of financial position of Fuchsia Ltd is presented below 30 June 2018 30 June 2019 Cash Trade accounts receivable Inventories Prepayments Land Plant Accumulated depreciation $20 000 65 000 58 000 10000 80000 280 000 (60 000) $453 000 $45 000 160 000 200 000 48 000 $ 91000 90000 62000 12000 90000 320000 (92000) $573000 $48000 200000 230000 95000 Accounts payable Borrowings Share capital Retained earnings $453 000 $573000 Additional information There were no disposals of land or plant during the year .A $30000 borrowing was settled through the issue of ordinary shares. There were no other repayments of borrowings Profit for the year was $120000, interest expense was $14 000, and income tax expense was $41 000. There were no items of other comprehensive income .A $73 000 dividend was paid during the year . Sales revenue for the year was $300 000. There was no other revenue Required 1. Using the indirect method of presenting cash flows from operating activities, prepare a statement of cash flows in accordance with AASB 107/AAS 7 for the year ended 30 June 2019 2. Prepare the operating section of the statement of cash flows using the direct method