please provide the solution with working notes

2018 $ R. Roper Enterprises Pty Ltd Balance Sheets as at 30 June 2019 ASSETS Current assets $ $ Cash 96,700 Accounts receivable 86,800 Inventory 121,900 Non-current assets Investments 84,500 Plant and equipment at cost 250,000 Accumulated depreciation -49,500 200,500 Total assets 590,400 47,250 57,000 102,650 87,000 205,000 -40,000 165,000 458,900 LIABILITIES Accounts payable Operating expenses payable Loan payable Total Liabilities 52,700 12,100 100,000 164,800 48,280 18,830 70,000 137 110 EQUITY Share capital Retained profits Total equity 250,000 175,600 425,600 200,000 121,790 321.790 458,900 590,400 Total Liabilities & Equity R. Roper Enterprises Statement of Profit or Loss For the year ending 30 June 2019 $ $ Sales 297,500 Gain in sale of equipment 8,750 306,250 Less: Cost of sales 99,460 Operating expenses 64,370 Interest expense 2,940 166,770 Net profit before income tax 139,480 Income tax 7,270 Net profit after income tax 132,210 Additional information: Accounts payable are for purchases of inventory. Operating expenses includes depreciation expense of $49.700. Investments were sold at cost for cash. Equipment costing $47,000 was sold for $15,550 cash, resulting in a gain of $8,750. A cash dividend of $78.400 was declared and paid during the year. New machinery costing $92.000 was purchased for cash during the year. Required: Required: Prepare a statement of cash flows using either the direct or the indirect method to calculate cash flows from operating activities. (18 marks)