2015 2016 Sales 12,532 19,080 9.722 15.134 2,810 3,946 Cost of sales Gross Profit Depreciation Profit before tax 380 384 2,450 3,562 Taxation 1,274 1,852 1,710 Profit after tax 1,176 Dividends Interim(Paid) Final 520 584 Profit for the year Draft balance sheets as at 31-12 are as follows: 2015 2016 k NON CURREN ASSETS Land and Buildings a cost 1600 Plant 2.914 2.000 4.178 380 8.556 4514 Patents Total Non Current Assets CURENT ASSETS Inventory Receivables 984 2.268 4.582 7 368 Bank 718 0.284 9.824 Total Current Assets Total Assets 10,798 16,180 EQUITY AND LIABILMES 2,400 2,600 Ordinary share capital of 25n each Share Premium Retained earnings 560 4.238 4.904 CURRENT LIABILIES 4.180 Payables 1,580 2.730 Bank Overdraft 804 Corporation tax 2.000 3.762 Proposed dividends 520 820 Total 8.116 Total Equity and Liabilities 10798 16.180 The following information is available: Plant with a net book value of K260,000 was disposed of on 1 December 2016 for K194.000 (ii) A rights issue at en per share was made during the year ended 31-12-16 REQUIRED: Prepare a cash flow statement using indirect method (25 Marks)