2022	2021
Cash and Cash equivalents	$ 65000	$ 45000
Accounts receivable	50000	55000
Inventory	125000	175000
Property, Plant and Equipment	930000	745000
Accumulated Depreciation	(270000)	(200000)
TOTAL ASSETS	$900000	$820000
Accounts Payable	$110000	$105000
Unsecured syndicated bank loan (long term)	180000	200000
TOTAL LIABILITIES	$290000	$305000
Ordinary Shares	$350000	$280000
Retained Earnings	260000	235000
TOTAL SHAREHOLDERS EQUITY	610000	515000
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	900000	820000

The following additional information is available:

i) Profits after tax for 2022 were $50000

ii) Cash dividends of $25000

iii)a portion of unsecured syndicated bank loan matured and was repaid during the year

iv) ordinary shares were issued for cash

v) property and equipment were purchased for cash. No current assets were sold during the year

vi) the change in accumulated depreciation is a result of depreciation expense

Problem: Prepare a statement of cash flows for the year using the indirect* method for the operating activities section and prepare a reconciliation of profits after tax to cash flow from operations