Set out below are the condensed balance sheets for Walkley Ltd for 20X0 and 20X1, and a profit and loss account for the year ended 31 December 20X1.

1 The only new loan raised during the year was a five-year bank loan amounting to £65,000.
2 Depreciation charged during the year amounted to £401,000.
3 During the year, plant which originally cost £69,000 was disposed of for proceeds of £41,000.
4 During the year, the company offered 200,000 shares by way of rights to existing shareholders.
Required:
Prepare a cash flow statement for 20X1.

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Balance sheets 20X0 20X1 000 000 Ordinary share capital (1 shares) 740 940 Revenue reserves 531 864 Share premium account 100 Loans 320 150 Trade creditors 152 141 Proposed dividends 140 170 Current taxation 470 602 Bank overdraft 766 2,353 3,733 Plant and machinery Cost 2,700 3,831 Accumulated depreciation 748 1,125 1,952 2,706 Stock 203 843 Debtors 147 184 Cash at bank 51 2,353 3,733