Please answer Question 1 A only (statement of cash flows) - pls show working out.

QUESTION 1 Statement of cash flows Comparative information as at 30 June 2023 and 30 June 2024 for Declare Ltd is as follows. Additional information 1. Gross profit for the year ended 30 June 2024 was $160,500 and consisted of the following. SalesCostofsales443,500283,000 2. Purchases of inventory for the year were $272,500. 3. All purchases and sales of inventories were on credit. 4. Proflt 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. 6. During the year ended 30 June 2024 , cash dividends were paid. 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) Cash flows from operating activities: Cash receipts from customers Cash paid to suppliers and employees Cash generated from operations Interest paid Net cash from operoting activities Cash flows from investing activities: Proceeds from sale of land Payment for building extensions Net cash used in investing activities Cash flows from financing activities: Proceeds from mortgage loan Dividends paid Net cash from financing acthities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and eash equivalents at end of year (b) Complete T-accounts to show your workings for preparing the Statement of Cash Flows for Declare Ltd. Please include commas in your amounts (do not include spaces or dollar signs)