The financial statements for Des. Ltd, as of June 30, 2019, are shown below Der. Lad Income Statement __Fer the war ended June M1.2019 Sales Cost of goods sold Gross margin Depreciation expense Salaries and wages Net income $600.000 360.000 $240,000 8.000 128.000 S101.000 Dev. Ltd. Balance Sheet Asat me 2018 2019 68.000 36.000 30,000 Cash Accounts Receivable Inventory Long-Term Investment Capital Assets Accumulated Depreciation Total Assets $38.000 40.000 6.000 120,000 20.000) SIS 1.000 186.000 $312.000 Bank Overdraft Accounts Payable Short-Term Bank Loan Notes Payable, Long Term Common Shares Retained Earnings Total Liabilities and Shareholders' Equity $ 24,000 8.000 72.000 160.000 48.000 $312.000 $10,000 12.000 6.000 40.000 100.000 16.000 $184.000 Additional information for Dev. Lad's activities in fiscal 2019 is as follows: Sold long term investment at cost, for cash Declared and paid a cash dividend of $72,000. Purchased capital assets at a cost of $66,000. Paid $18,000 in cash along with a long-term note for $18,000 Paid a $16,000 long-term note payable by issuing common shares with a market value of $16,000 Sold common shares for cash. REQUIRED Using the indirect method, prepare a statement of Cash Flows for Dev, Lad for the year ended June 30, 2019 b) Using the direct method, prepare only the operating section of a Statement of Cash Flows for Dev. Lid for the year ended June 30, 2019 The financial statements for Des. Ltd, as of June 30, 2019, are shown below Der. Lad Income Statement __Fer the war ended June M1.2019 Sales Cost of goods sold Gross margin Depreciation expense Salaries and wages Net income $600.000 360.000 $240,000 8.000 128.000 S101.000 Dev. Ltd. Balance Sheet Asat me 2018 2019 68.000 36.000 30,000 Cash Accounts Receivable Inventory Long-Term Investment Capital Assets Accumulated Depreciation Total Assets $38.000 40.000 6.000 120,000 20.000) SIS 1.000 186.000 $312.000 Bank Overdraft Accounts Payable Short-Term Bank Loan Notes Payable, Long Term Common Shares Retained Earnings Total Liabilities and Shareholders' Equity $ 24,000 8.000 72.000 160.000 48.000 $312.000 $10,000 12.000 6.000 40.000 100.000 16.000 $184.000 Additional information for Dev. Lad's activities in fiscal 2019 is as follows: Sold long term investment at cost, for cash Declared and paid a cash dividend of $72,000. Purchased capital assets at a cost of $66,000. Paid $18,000 in cash along with a long-term note for $18,000 Paid a $16,000 long-term note payable by issuing common shares with a market value of $16,000 Sold common shares for cash. REQUIRED Using the indirect method, prepare a statement of Cash Flows for Dev, Lad for the year ended June 30, 2019 b) Using the direct method, prepare only the operating section of a Statement of Cash Flows for Dev. Lid for the year ended June 30, 2019