Fool's ParadiseLtd had cash andcash equivalents at 1 January 2019of $400,000. The transactions of Fool's ParadiseLtd for the year to 31 December2019are as follows:Borrowed $850,000 with a 9-month loan payableReceived $6,340,000 cash for customer accountsSold for $360,000 cash a plant asset with a carrying amountof $180,000Issued ordinary shares for $480,000 cashPurchased a plant asset for $650,000; $237,500 in cash and $412,500 in loanExchanged 60,000 shares for land with a fair value of $1,000,000Received a $350,000 dividend in cashReceived $25,000 interest from term depositInvested $500,000 cash on the short-term money marketPaid fixed-term loan principal of $900,000 and interest of $90,000Cash payments for supplier's accounts $6,300,000Dividend paid during the period $200,000Wagesexpense shown in the income statement is $75,000. At the end of the year the balance sheet shows prepaid Wagesexpense of $65,000. There was a prepaid Wagesexpense of $35,000 at the beginning of the year. Required:Prepare the statement of cash flows of Fool's ParadiseLtd for the year to 31December 2019.(10 marks)