Reference no: EM132546272

The statement of financial position of Lilac Ltd at 30 June 2019 recorded the following items.

                                                                                        30 June 2018                        30 June 2019

Land, at independent valuation                                  $118,000                         $142,000

Plant, at cost                                                            83,000                          100,000

Accumulated depreciation                                              (24,000 )                   (33,000 )

Available-for-sale listed investments, at fair value                 35,000                    47,000

Goodwill                                                                          30,000                   24,000

Land revaluation surplus                                                         24,000                 40,000

Investments revaluation reserve                                                 6,000                13,000

Additional information

Impairment of goodwill - 6,000

(a) There were no acquisitions or disposals of land.

(b) There were no disposals of plant or investments.

(c) The land revaluation surplus increase is net of deferred tax of $8,000.

(d) The investments revaluation reserve increase for the year is net of deferred tax of $2,500.

Question 1: Prepare the investing section of the statement of cash flows for Lilac Ltd for the year ended 30 June 2019.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)