A summarised comparative statement of financial position of Partner Ltd is presented below, along 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	$30,000	$68,000
Trade receivables	46,000	70,000
Inventory	30,000	32,000
Plant	125,000	150,000
Investments	35,000	35,000
Accumulated depreciation	(23,000)	(35,000)
Total Assets	$243,000	$320,000

Accounts payable	$39,000	$43,000
Accrued interest	3,000	5,000
Current tax payable	10,000	12,000
Deferred tax liability	0	0
Borrowings	60,000	100,000
Share capital	100,000	100,000
Retained earnings	31,000	60,000
Investment revaluation reserve	0	0
Total liabilities and Equity	$ 243,000	$ 320,000

Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2019

Sales	$700,000
Cost of sales	(483,000)
Gross profit	217,000
Distribution costs	(62,000)
Administration costs	(74,000)
Interest	(6,000)
Profit before tax	75,000
Income tax expense	(23,000)
Profit for the year	52,000
Other comprehensive income
Gain on revaluation of investments (net of tax)	3,500
Total comprehensive income	$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 company included interest and dividend in cash flow from operating activities in accordance with AASB 107 Cash Flow Statements. Required Prepare the cash flow statement using direct method as per AASB 107 Cash Flow Statements for the year ended 30 June 2019.