2 Kgotso Co's income statement for the year ended 31 December 2021 and statement of financial position at 31 December 2021 and 2020 are as follows: KGOTSO CO INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 Sales Raw materials consumed Staff costs Depreciation Loss on disposal of non-current asset Operating profit Interest payable Profit before tax Taxation Profit for the year P'000 P'000 720 70 94 118 18 300 420 392 124 268 KGOTSO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 2020 P'000 P'000 Non-current assets Cost Depreciation 1,596 1,560 (318) (224) 1,278 1,336 Current assets Inventory 24 Trade receivables 76 Bank 48 148 Total assets 1.426 1,470 Equity and liabilities Equity Share capital 360 Share premium 36 Retained earnings 716 1.112 Non-current liabilities Long-term loans 200 Current liabilities Trade payables 12 Taxation 102 114 Total equity and liabilities 1.426 1.470 Additional information: i. Dividends paid were P66,000. ii. During the year, the company paid P90,000 for a new piece of machinery. Required: Prepare the statement of cash flows for Kgotso Co for the year ended 31 December 2021 using the indirect method. (25 marks)