6.4 Chen plc's income statements for the years ended 31 December 2017 and 2018 and the state- ments of financial position as at 31 December 2017 and 2018 are as follows: Income statements for the years ended 31 December 2017 and 2018 2017 2018 Em Em Revenue 207 153 Cost of sales (101) (76) Gross profit 106 77 Distribution expenses 22) (20) Administrative expenses (20) Operating profit 64 29 Interest payable Profit before taxation 60 25 Taxation (16) Profit for the year 44 19 Statements of financial position as at 31 December 2017 and 2018 2017 2018 Em Eml ASSETS Non-current assets Property, plant and equipment Land and buildings 110 130 Plant and machinery 62 56 172 186 Current assets Inventories 24 25 Trade receivables 25 Cash at bank and in hand 19 69 50 Total assets 241 236 26 40 2017 2018 Em Em EQUITY AND LIABILITIES Equity Called-up ordinary share capital 100 100 Retained earnings 56 57 156 157 Non-current liabilities Borrowings-loan notes (10%) 40 Current liabilities Borrowings (all bank overdraft) 2 Trade payables 37 34 Taxation 8 3 45 39 Total equity and liabilities 241 236 Included in "cost of sales", "distribution expenses' and 'administrative expenses, depreciation was as follows: 2017 2018 Em m Land and buildings 6 Plant and machinery 10 12 There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in each year. Dividends were paid totalling 218 million in each year. Required: Prepare a statement of cash flows for the business for 2018. 10