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The following comparative statements of financial position and income statement are for the business of Leone Ltd: Additional information (i) New machinery costing $306000 was purchased for cash during the year. (ii) 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. All workings must be shown. ( 20 marks) \begin{tabular}{|l|l|l|l|l|l|} \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|} \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} The following comparative statements of financial position and income statement are for the business of Leone Ltd: Additional information (i) New machinery costing $306000 was purchased for cash during the year. (ii) 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. All workings must be shown. ( 20 marks) \begin{tabular}{|l|l|l|l|l|l|} \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|} \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular}

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