Remaining Time: 2 hours, 08 minutes, 09 seconds Question Completion Status Got Lid Income statement for the year ended 30 June 2022 INCOME Sales Revenue EXPENSES $1 215 000 Cost of sales $720 000 Depreciation- Machinery 30 000 Depreciation. buildings 15 000 Other expenses 331 500 1 096 500 PROFIT 118 600 Got Ltd Comparative Statements of Financial Position as at 30 June 2021 2022 ASSETS Cash at bank $ 55 500 $ 39 000 Accounts Receivable 144 000 135 000 Inventory 120 000 150 000 Investments 15 000 18 000 Machinery 225 000 300 000 Buildings 150 000 240 000 Land 67 500 150 000 Total. 777 000 1 032 000 Liabilities and Equity Accounts Payable 97 500 112 500 Expenses Payable 6 000 4 500 Mortgage Payable 132 000 225 000 Share Capital 375 000 450 000 Retained earnings 166 500 240 000 Total 777 000 1 032 000 Additional information: 1. Dividends were paid during the year. 2. The increases in investments and machinery were from cash purchases. 3. The increases in land and buildings were from purchases but were partly funded by an increase in the mortgage with the bank. 4. Share capital was issued during the year for cash. Required Prepare the statement of cash flows for Got Lid for the year ended 30 June 2022, using the direct method