Ronald Ltd reported the following information for the year ended 30 June 2021:

	2021	2020
	$	$
Land	300,000	250,000
Buildings	650,000	175,000
Accumulated depreciation	(235,000)	(100,000)
Plant	570,000	490,000
Accumulated depreciation	(280,000)	(175,000)
Asset revaluation surplus - land	45,000	10,000

Additional information:

• Land was revalued during the year. The tax rate is 30%.
• Plant with a cost of $60,000 and an accumulated depreciation of $15,000 was sold for cash during the year. A gain on sale of plant $18,000 was recorded in the profit or loss statement.
• Plant was also purchased during the year.
• A new building was purchased: $350,000 was paid for by borrowing arrangements with the bank and the balance was paid in cash. There were no buildings sold.

Calculate and prepare Cash Flows from Investing Activities (an extract from the Statement of Cash Flows) in accordance with AASB107 for the year ended 30 June 2021. (14 marks)