Preparation of statement of cash flows information   LO2, 3, 4, 5 The statement of profit or loss and other comprehensive income and comparative statements of financial position of Amber Ltd are as follows. AMBER LTD Statement of financial position as at 31 December 2018 2019 Current assets Deposits at call $ 19 000 $ 30 000 Accounts receivable 340 000 320 000 Allowance for doubtful debts (19 000) (15 000) Inventories 654 000 670 000 Prepayments 52 000 55 000 $1 046 000 $1 060 000 Non-current assets Land $ 400 000 $ 400 000 Buildings 1 175 000 1 850 000 Accumulated depreciation — buildings (200 000) (235 000) Plant 850 000 940 000 Accumulated depreciation — plant (375 000) (452 000) 1 850 000 2 503 000 Total assets $2 896 000 $3 563 000 Current liabilities Bank overdraft $ 140 000 $ 49 000 Accounts payable 553 000 570 000 Interest payable 25 000 30 000 Final dividend payable 205 000 230 000 Current tax payable 70 000 77 000 $ 993 000 $ 956 000 Non-current liabilities Borrowings $ 900 000 $1 300 000 Deferred tax liability 12 000 16 000 912 000 1 316 000 Total liabilities $1 905 000 $2 272 000 Equity Share capital $ 800 000 $1 000 000 Retained earnings 191 000 291 000 991 000 1 291 000 Total liabilities and equity $2 896 000 $3 563 000 AMBER LTD Statement of profit or loss and other comprehensive income for the year ended 31 December 2019 Sales $ 8 550 000 Less: Cost of sales 4 517 000 Gross profit 4 033 000 Gain on sale of plant 18 000 4 051 000 Distribution costs (1 635 000) Administration costs (1 566 000) Interest (70 000) Profit before tax 780 000 Income tax expense (250 000) Profit for the period 530 000 Other comprehensive income — Total comprehensive income $ 530 000 The following additional information has been extracted from the accounting records of Amber Ltd.

(a) Movement in allowance for doubtful debts: Balance 31 December 2018 $ 19 000 Charge for year 7 000 Bad debts written off (11 000) Balance 31 December 2019 $ 15 000

(b) Building additions were completed. There were no disposals.

(c) The movement in plant and accumulated depreciation on plant comprised the following. Cost Accumulated depreciation Balance 31 December 2018 $ 850 000 $ 375 000 Additions — cash 160 000 — Disposals (70 000) (50 000) Depreciation — 127 000 Balance 31 December 2019 $ 940 000 $ 452 000

(d) There was no outstanding interest payable at year-end.

(e) Income tax expense comprised: Income tax currently payable $ 246 000 Deferred income tax 4 000 $ 250 000

(f) Additional cash borrowings $ 400 000 (g) Movement in equity Share capital Retained earnings Balance 31 December 2018 $ 800 000 $ 191 000 Additional shares issued for cash 200 000 — Profit for the period — 530 000 Interim dividend — cash — (200 000) Final dividend payable (230 000) Balance 31 December 2019 $1 000 000 $ 291 000 Required 1. Prepare a summary of cash flows from operating activities using the indirect method of presentation. 2. Prepare a summary of cash flows from investing activities. 3. Prepare a summary of cash flows from financing activities. 4. Prepare a summary of cash flows from operating activities using the direct method of presentation.