Please answer using DIRECT method

The following comparative statements of financial position and income statement are for the business of Leone Ltd: LEONE LTD Comparative Statements of Financial Position as at 30 June 2020 2019 22 000 93 000 3 000 135 000 8 000 11 000 453 000 42 000 80 000 1 000 138 000 7 000 0 219 000 ASSETS Cash at bank Accounts receivable Interest receivable Inventory Prepaid expenses 10 year loan to Boot Ltd Plant and machinery(net) LIABILITIES AND EQUITY Accounts payable Salaries payable Expenses payable 10 year debentures Share capital Retained earnings $725.000 $487 000 $ 91 000 4 000 1 000 160 000 359 000 110 000 $725.000 $ 57 000 6 000 3 000 77 000 258 000 86 000 $487 000 LEONE LTD Income Statement for year ended 30 June 2020 INCOME Sales revenue Interest revenue Gain on sale of machinery $284 000 21 000 8 000 313 000 EXPENSES Cost of sales Salary expense Depreciation - plant and machinery Other expenses Interest expense Income tax expense PROFIT $150 000 56 000 18 000 17 000 16 000 15 000 272 000 $ 41.000 Additional information 1) New machinery costing $306 000 was purchased for cash during the year. m) 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