4. Tulip plc has the following financial information for year ending 31 December 2020. Statement of comprehensive income for year ended 31 December 2020 E000 Revenues 49,600 Cost of sales (28,400) Gross profit 21,200 Distribution costs 14,200) Administration expenses (1,700) Profit from operations 15,300 Income from investments 260 Finance costs 1740) Profit before tax 14,820 Income tax expense 12,960) Profit for the year 11,860 Other comprehensive income Revaluation gain 1,360 Total comprehensive income 13,220 Question 4 continued 2019 '000 E'000 13,700 4,640 7,040 0 11,680 25,380 Statement of financial position as at 31 December 2020 E'000 E'000 Non-current assets - PPE 18,560 Current assets Inventories 3,500 Receivables 6,660 Bank 500 10,660 Total assets 29,220 Equity and liabilities Equity Ordinary share capital of 1 4,400 Share premium account 1,760 Revaluation reserve 3,560 Retained earnings 8,500 Total Equity 18,220 Non-current liabilities Loans 3,400 Provisions for redundancy 1,180 Lease creditor 1,940 Total non-current liabilities 6,520 Current liabilities Trade payables 1,800 Taxation 2,680 Bank overdraft 0 Total current liabilities 4,480 Total equity and liabilities 29,220 2,800 1,060 2,200 5,960 12,020 5,600 860 1,360 7,820 3,660 1,600 280 5,540 25,380 Question 4 continues on the next page Question 4 continued Additional information i. On 1 February 2020 Tulip plc had a 1 for 4 bonus issue. The company had a further share issue later in the year. ii. Tulip plc paid a dividend during the year. Tulip plc acquired machinery with a fair value of 980,000 during the year via a lease agreement iv. During the year Tulip plc sold one of its non-current assets with a carrying amount of 340,000 at a gain of 260,000. The depreciation charge for the year was 1.32 million. Required: Prepare a statement of cash flows for Tulip plc for the year ended 31 December 2020