Peninsula Ltd is carrying on a business as a fruit and vegetable importer. There were cheque receipts of $13,000 from its debtors during the year. Purchases amounted to $30,000 and the Beginning and Ending trade creditors were $12,000 and $16,000 respectively. Tax expense was $58.000 while the Beginning Tax Payable was $8.000 and the ending Tax Payable was $48,000. There was also payment of other expenses amounting to $10,000. Required: Prepare Peninsula's Statement of Cash Flows showing the Cash Flows from Operating Activities only using the Direct Method. Show all workings