2. The following data was obtained from the books of Elmo St. Cleaver: Cost 2017 Depn 440,000 81,000 29,000 417.000 40.000 Statements of financial position as at December 31, 2016 Non-Current Assets Cost Depn NBV Goodwill 100,000 Building 200,000 200,000 Equipment 70,000 22,000 48,000 Motor vehicle 280,000 25,000 255,000 603,000 Current Assets Stock 16,000 Debtors 15,000 Short-term investments 30,000 Bank Cash 7.000 68.000 671.000 NBV 75,000 440,000 52,000 377.000 944,000 20,000 11,000 20,000 10,000 1.000 62.000 1,006,000 100,000 40,000 0 40,000 257,000 437,000 150,000 50,000 100,000 60,000 497.000 857,000 Capital & Reserves Ordinary shares Share premium Revaluation reserve General reserves Retained earnings Non-Current Liabilities 10% Debenture Current Liabilities Creditors Tax Bank overdraft Interest 190,000 105,000 14,000 15,000 5,000 10.000 44.000 671.000 22,000 10,000 0 12.000 44.000 1006.000 Statement of profit or loss extract 2017 Turnover 1,350,000 Gross profit 850,000 Profit before tax 395,000 Tax (110,000) Profit after tax 285,000 Profit last year b/d 257,000 Dividends paid (25,000) Transfer to general reserves (20,000) Retained earnings c/d 497,000 Notes: 1. During the year, motor vehicle costing 80,000, with book value of 72,000 was sold for 85,000 2. The revaluation reserve applies to the building Required: Prepare the cash flow statement for the year 2017