Alison runs an online gift shop, trading for cash with individual customers and offering trading on credit terms to businesses. Alison provides you with the following list of statement of financial position balances at 31 December 2015:

Alison provides you with the following additional information:
• During the year to 31 December 2016, Alison spent £8,000 on buying new computer equipment and £9,600 on new racks, shelving and office equipment as her business expanded.
• There were no disposals of non-current assets during the year.
Required 

Using the statement of financial position at 31 December 2015 and the additional information above, prepare Alison’s statement of cash flows for the year ended 31 December 2016 using the indirect method.

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Non-current assets Computer equipment at cost 12,775 Less: accumulated depreciation on computer equipment at (7,245) 31 December 2015 Racks, shelving and office furniture at cost Less: accumulated depreciation on racks, shelving and 24,000 (8,000) office furniture at 31 December 2015 Current assets Inventory Trade receivables Rent prepayment Rates prepayment Cash and cash equivalents Total assets 21,530 27,647 27,200 2,500 1,965 3,682 62,994 84,524 Current liabilities Trade payables 30,314 Telephone, electricity and gas accruals 1,500 Total liabilities 31,814 Net assets 52,710 Capital account 52,710