Using the following information together with the information provided in problem I, prepare a Statement of Sources and Applications of Funds for Norse pic for 1984, in accordance with the requirements of SSAP 10.

(i) Additional plant and equipment was acquired during the year at a cost

£60000. Old equipment wa s disposed of at its net book value of £7000.

(ii) Depreciation charged on plant and equipment in 1984 amounted to £33000.