Question Four - Statement of Cash Flows (15 marks) A summarised comparative statement of financial position of Mick Led is presented below. 30 June 2019 30 June 2020 $ Cash 40 000 182 000 Trade accounts receivable 130 000 180 000 Inventories 116 000 124 000 Prepayments 20 000 24 000 Land 160 000 180 000 Plant 540 000 640 090 Accumulated depreciation (120 000 (184 000) 886 000 1 146 00Q Accounts payable 90 000 96 000 Borrowings 320 000 400 000 Share capital 380 000 460 DOO Retained earnings 96 080 190 000 886 000 1 146 000 Additional informationShare capital 380 000 460 000 Retained earnings 96 000 190 000 886 000 1 146 000 Additional information There were no disposals of land or plant during the year. Profit after tax for the year was $240 000, interest expense was $28 000, and income tax expense was $82 000. There were no items of other comprehensive income. $146 000 dividend was paid during the year. Sales revenue for the year was $600 000. There was no other revenue. COGS for the year was $100 000. Required 1. Prepare the operating section of the statement of cash flows ONLY using the direct method in accordance with AASB 107/IAS 7 for the year ended 30 June 2020. Show workings. 2. Prepare the operating section of the statement of cash flows using the indirect method. Er