QUESTION 3 10 points Save Answ. Question 3 - Cash Flow Statement - 10 MARKS A summarised comparative statement of financial position of Abigail Ltd is presented below, together with the part of the statement of profit or loss for the year ended 30 June 2021. Abigail Ltd Statement of Financial Position as at 30 June 2021 Assets Cash at bank Accounts receivable Inventory Property Plant and Equipment (Net) Total assets 2021 $ 68,000 84,500 113,500 200.000 466,000 2020 $ 62,000 76,000 124.000 150.000 502,000 Liabilities Accounts payable Interest payable 60,500 67,000 250 Provision for employee benefits Borrowings 3,000 41,250 750 8,750 45,000 Equity Share capital Retained earnings Total liabilities and equity 125,000 229,500 466,000 125,000 172.000 412.000 AL 2021 ($) $443,500 Statemet of Profit or Loss (Partial) Income Sales (all on credit) Less: Expenses: Cost of sales Employee expenses Interest expense Depreciation expense - PPE 283,000 98,000 5,000 23,750 Additional information (0) A block of land, included in property plan and equipment, costing $50,000 was purchased in cash during the year. (ii) Dividend paid during the year $23,750. REQUIRED Prepare the cash flows from operating and Investing activities statement for Abigail Ltd for the year ending 30 June 2021 using the direct method. Show all workings as m are awarded for workings. (10 marks)