Liabilities and equity Accounts payable Expenses payable Mortgage payable Share capital Retained earnings$765,500 $1,028,500 $82,600 $97,6006,4002,900 132,000 218,000 375,000 446,000 169,500 264,000 $765,500 $1,028,500 Additional information Dividends were paid during the year. b) The increases in investments and machinery were from cash purchases. The increases in land and buildings were from c) purchases but were partly funded by an increase in the mortgage with the bank.d) Share capital was issued during the year for cash.Required: Prepare a statement of cash flows for Emporium Ltd for the year ended 30 June 2020 using the direct method. Calculations are to be shown out of the statement of cash flows. (16 marks) Proctorio is sharing your screE
