Please include any T Accounts used to figure out values.

A summarised comparative statement of financial position of Denim Ltd is presented below, together with the statement of profit or loss and other comprehensive income for the year ended 30 June 2019 30 June 2018 30 June 2019 $30000 $ 68 000 Cash Trade receivables 46 000 70000 30000 35 000 Inventories 32 000 40000 Investments at fair value through OCI Plant 125 000 150000 (23 000) (35000) Accumulated depreciation $243 000 $325000 30 June 2018 30 June 2019 $39 000 $ 43000 5000 Accounts payable Accrued interest 3 000 Current tax payable Deferred tax liability Borrowings Share capital Retained earnings 12 000 10000 1 500 60 000 100000 100000 100000 60000 31 000 Investment revaluation reserve 3 500 $325 000 $243 000 DENIM LTD Statement of profit or loss and other comprehensive income for the year ended 30 June 2019 Sales Cost of sales $ 700000 (483000) Gross profit Distribution costs Administration costs 217000 (62 000) (74000) (6000) Interest Profit before tax 75000 Income tax expense (23000) Profit for the year Other comprehensive income Gain on revaluation of investments (net of tax) 52000 3500 $ 55500 Total comprehensive income Additional information There were no disposals of investments or plant during the year . A dividend of $23000 was paid during the year . The deferred tax liability is in relation to investments Required Using the direct method of presenting cash flows from operating activities, prepare a statement of cash flows in accordance with AASB 107/IAS 7 for the year ended 30 June 2019