Additional information (dollar amounts expressed in full units):

1. Equipment with an original cost of $500 000 was sold during the year.

2. Land with an original value of $600 000 was revalued upwards by $160 000 during the year.

3. A bonus share dividend of $200 000 was paid from the revaluation surplus.

4. An interim dividend was paid during the year.

Required

Prepare a statement of cash flows, using the direct method.

(Hint: This statement of cash flows is more complex, so you will need to reconstruct all the statement of financial position accounts to solve it.)