Comparative information as at 30 June 2023 and 30 June 2024 for Declare Ltd is as follows. Comparative Assets Cash at bank Accounts receivable Inventory Land Buildings Accumulated depreciation - buildings Plant and equipment Accumulated depreciation plant and equipment Liabilities and equity Accounts payable Interest payable Other expenses payable Mortgage loan payable. Share capital Retained earnings DECLARE LTD statements of financial position as at 30 June 2023 62,000 76,000 124,000 62,500 137,500 (85,000) 40,000 (5,000) 412,000 60,500 750 8,750 45,000 125,000 172,000 412,000 2024 43,000 84,500 113,500 25,000 265,000 (100,000) 40,000 (10,000) 461,000 67,000 250 3,000 66,250 125,000 199,500 461,000 Additional information 1. Gross profit for the year ended 30 June 2024 was $160,500 and consisted of the following. Sales 443,500 283,000 Cost of sales 2. Purchases of inventory for the year were $272,500. 3. All purchases and sales of inventories were on credit. 4. Profit for the year ended 30 June 2024 was $31,250, after deducting expenses of $129,250 from the gross profit figure. 5. Expenses of $129,250 include depreciation on buildings, and on plant and equipment, a loss on sale of land, and $5,000 in interest expense. During the year ended 30 June 2024, cash dividends were paid. 6. 7. Building extensions were paid for during the year, and a block of land, costing $37,500, was sold for $31,250 cash. 8. No plant was purchased or sold during the year. Required (a) Prepare the Statement of Cash Flows for Declare Ltd for the year ended 30 June 2024 using the direct method. Please follow the below instructions when completing the cash flow statement below: . Please include commas in your amounts to separate thousands in your amounts (do not include spaces or dollar signs) Show minus figures in brackets (), e.g. (145,000) b) Complete T-Accounts to show your working for the preparation of Statement of cash flows for Declare Ltd.