$16.8 The statement of financial position of Aadvaark Trading Led at 30 November 2020 (with comparatives for 2019) is as follows: Statement of financial position at 30 November 2020 2020 2019 1000 EODO Assets Non-current assets Property, plant and equipment at cost or valuation 2,470 1.790 Less; Accumulated depreciation 850 1,620 630 1,160 Investments at cost 50 100 1,670 1.260 Current assets Inventories 740 510 Trade receivables 1,010 640 Short-term investments 150 Bank balance 1,750 180 1.480 3,420 2,740 Equity Share capital 500 400 Share premium account 140 100 Revaluation reserve 550 300 Retained carnings 480 800 1,670 1.600 Liabilities Non-current liabilities Long-term loans 900 500 Current liabilities Trade payables 660 530 Current tax payable 110 Bank overdraft 190 850 640 3.420 2.740 The following information is also available: Freehold property which was valued at $500,000 on 30 November 2019 was re- valued at 1750,000 on 30 November 2020 (ii) Plant and equipment with an original cost of f120,000 and accumulated depreciation of $80,000 was sold in February 2020 for $30,000. (iii) One half of the non-current asset investments were sold for $70,000 in June 2020. Dividends received during the year to 30 November 2020 were fnil. (iv) Interest paid and payable in the year totalled $70,000. (v) There is no tax liability for the year to 30 November 2020. The tax liability for the year to 30 November 2019 was underestimated by $20,000. (vi) No dividends were paid or proposed in either year. (vii) The short-term investments were sold for $150,000 in June 2020. These ranked as cash equivalents as defined by IAS7. Required: Prepare a statement of cash flows for Aadvaark Trading Lid for the year to 30 November 2020, in accordance with the requirements of accounting standard IAS7 and using the indirect method. (CIPFA)