Your task is to prepare Avalon Ltd.'s Statement of Cash Flows for the year ended August 31, 2023. Avalon uses the direct method and uses the ASPE approach to reporting interest and dividend cash flows. Be sure to refer to the August 31, 2022 post-closing TB that has been provided. Notes: 1. Recall that the investment in the Percival Inc. bonds was purchased at a premium (see task 1). This means that a portion of the $9,500 cash that is received each compounding date relates to "amortizing" that premium (This excess can be considered as Percival Inc. paying off a portion of the extra amount that they borrowed beyond the maturity amount). That portion of the cash received will be an investing activity while the portion of the cash payment that relates strictly to interest will be an operating activity. 2. This company has some prepaid expenses. The prepaid expenses will be drawn into your reconstruction of "cash paid to suppliers" because they relate to other operating expenses. (Prepaid expenses are the "mirror image" of accounts payable.) So you will just need to include the change in prepaid expenses in the same reconstructing journal entry as the change in AP, change in inventory, change in COGS and change in other operating expenses to arrive at cash paid to suppliers. 3. Cash paid for purchases of furniture and equipment for the year ended August 31,2023 was $458,000. 4. Avalon paid $100,000 in tax installments during fiscal 2023. The Income tax payable account was debited for these installments. This will be one of the fiscal 2023 cash outflows relating to income tax. The other tax cash flow will be Avalon paying off its August 31,2022 balance in income tax payable, which can be found on the August 31,2022 TB