Question 2: The following information has been extracted from Laura Products Company's Statement of Comprehensive Income and Statement of Financial Position for the year ended 30 June 2018 and 30 June 2019. 41.000 25.000 102,000 49,000 36,000 28,000 114.000 73,000 Laura Products Company Statement of Comprehensive Income & Statement of Financial Position for the year ended 30 June 2018 and 30 June 2019 207.000 215,000 61,000 33,000 257.000 198,000 60,000 25,000 2018 2019 Current Assets Cash Prepaid asset-rent Inventory Accounts receivable Non-Current Assets Land Plant & Equipment Accumulated depreciation Long-term investments Current Liabilities Account Payable Interest payable Income tax payable Wages payable Non-Current Liabilities Long-term loan Equity Issued ordinary capital Retained earnings 689,000 785,000 470.000 41.000 20,500 23,500 25,000 57.000 22,000 20.000 24.000 219,000 57,000 46,000 18,000 20,000 Sales Cost of Goods Sold Gross Profit Wages Expense Rent expense Interest expense Income tax expense Depreciation expense Loss on disposal of equipment Gain on sale of long-term investment Dividends 534,000 251,000 90,000 60,000 32,000 26,000 8.000 240,000 250.000 205,000 56,000 215.000 83,000 6.000 7,000 (12,000) 13,000 Note: Purchased land for RM50,000 cash, sold long-term investments costing RM8,000 for cash RM20,000, and purchased plant during the year for RM5,000. 10.000 REQUIRED: Prepare a Statement of Cash Flow using the direct method. Profit 63,000 27,000