An Income Statement and a comparative Balance Sheet for Darby Ltd are as follows:

The following additional information during the year was obtained from an examination of the ledger: Buildings with original cost of $89,000 and accumulated depreciation of $43,000 were sold. A parcel of land with an original cost of $60,000 was disposed of. Another parcel of land was revalued upward. A bonus share issue of $15,000 was declared out of Revaluation Reserve.

1) What is the Cash Flow statement For Year Ended 30 June 2006? Could you show all the process?

2) Using the indirect method prepare the reconciliation of Net Profit for Cash flows from Operations for Darby Ltd