Q.2. Prepare a Cash flow Statement using the direct method. (6+2+2= Z Trading had the following cash flows and other activities for the quarter ended 30th June 2 Paid for land $ 75,000 Paid for merchandise $540,000 Paid for income taxes $ 42,000 Paid to employees $ 180,000 Paid to owners $ 45,000 Paid for rent $ 27,000 Received from customers $ 840,000 Received from issuing stock $ 600,000 Received from sale of equipment $ 30,000 Depreciation expense $ 24,000 Required: Determine: (a) net cash flow from operating activities, (b) net cash flow from investing activities, and (c) net cash flow from financing activities