3. ABC PLC's income statement for the year ended 31 December 2016 and the statements of financial position as at 31 December 2015 and 2016 are as follows: Income statement for the year ended 31 December 2016 Em Revenue 623 Cost of sales (353 Gross profit 270 Distribution expenses 144) Administrative expenses BO Operating profit 196 Interest payable Profit before taxation 170 Taxation Profit for the year Statements of financial position at 31 December 2015 and 2016 2015 2016 Em Em ASSETS Non-current assets Property, plant and equipment Land and buildings 310 310 Piant and machinery 225 314 24 Current assets Inventories 41 35 Trade receivables 139 105 180 180 Total assets 815 804 EQUITY AND LIABILITIES Equity Called-up ordinary share capital 200 300 Share premium account 40 Revaluation reserve 69 9 Retained earnings 123 192 432 506 250 150 Non-current liabilities Borrowings - Ioan notes Current liabilities Borrowings (all bank overdraft) Trade payables Taxation Total equity and liabilities 89 41 56 54 23 133 815 148 804 During 2016, the business spent 667 milion on additional plant and machinery There were no other non-current asset acquisitions or disposals There was no share issue for cash during the year. The interest payable expense was equal in amount to the cash outflow. A dividend of 60 million was paid. a) Prepare the statement of cash flows for ABC PLC for the year ended 31 December 2016. [10 marks)