Please answer Question 1 B (t-accounts), part A has been answered.

QUESTION 1 Statement of cash fiows Comparative information as at 30 June 2023 and 30 June 2024 for Declare Ltd is as follows. Additional information 1. Gross profit for the year ended 30 June 2024 was $160,500 and consisted of the following. Sales Cost of sales 443,500 283,000 2. Purchases of inventory for the year were $272,500. 3. All purchases and sales of inventories were on credit. 4. Profit for the year ended 30 June 2024 was $31,250, after deducting expenses of $129,250 from the gross profit figure. 5. Expenses of $129,250 include depreciation on buildings, and on plant and equipment, a loss on sale of land, and $5,000 in interest expense. 6. During the year ended 30 June 2024, cash dividends were paid. 7. Building extensions were paid for during the year, and a block of land, costing $37,500, was sold for $31,250 cash. 8. No plant was purchased or sold during the year. Required (a) Prepare the Statement of Cash Flows for Declare Ltd for the year ended 30 June 2024 using the direct method. Please follow the below instructions when completing the cash flow statement below: - Please include commas in your amounts to separate thousands in your amounts (do not include spaces or dollar signs) - Show minus figures in brackets (), e.g. (145,000) Workings: Cagh paid to surpliere: Cash payments for purchases: \begin{tabular}{l} T-account tor: Inventory \\ \hline Belance bid \\ Purchases \end{tabular} Interest paid: Purchase of properth.plant and equipment: Dividends paid: T-account for: Retained Earnings