Question 3 (20 marks) The following comparative statements of financial position and income statement are for the business of Leone Ltd: Additional information (i) New machinery costing $306000 was purchased for cash during the year. (ii) Old machinery with a net value of $54,000 was sold for cash. (iii) A cash dividend has been paid to shareholders. Required: Prepare the statement of cash flows for the year ended 30 June 2020, using the t-account method. All workings must be shown. (20 marks) Question 3 (20 marks) The following comparative statements of financial position and income statement are for the business of Leone Ltd: Additional information (i) New machinery costing $306000 was purchased for cash during the year. (ii) Old machinery with a net value of $54,000 was sold for cash. (iii) A cash dividend has been paid to shareholders. Required: Prepare the statement of cash flows for the year ended 30 June 2020, using the t-account method. All workings must be shown. (20 marks)