A summary of the financial statements of FB Ltd are as follows:

Abstract from Income Statement/Profit and Loss Account for the year ended 31 December 2018.

	000
Operating profit	50,500
Interest payable	(2,500)
Profit before taxation	48,000
Taxation	(12,000)
Profit after taxation	36,000

Balance Sheets

	2018	2018	2017	2017
	000	000	000	000
Leasehold Property at cost	60,000		60,000
Accumulated depreciation	(18,000)		(12,000)
		42,000		48,000
Machinery at cost	96,000		82,000
Accumulated depreciation	(19,000)		(14,000)
		77,000		68,000
Current assets
Inventories/stocks	25,000		49,800
Trade receivables/debtors	32,800		22,600
Bank	20,400		0
		78,200		72,400
Current liabilities
Trade payables/creditors	19,800		31,200
Taxation payable	9,000		8,000
Interest accrued	400		200
Bank overdraft	0		1,000
Bank short term loan (3 months)	0		20,000
		(29,200)		(60,400)
Net Assets		168,000		128,000
Shareholders Funds
Share capital		60,000		40,000
Share premium		20,000		0
Retained profits		88,000		88,000
		168,000		128,000

You are given the following information:

1. During the year machinery which originally cost 20,000,000 and with accumulated depreciation of 8,000,000 was sold for 12,800,000.

2. Trade receivables are stated after provision for doubtful debts of 1,200,000 as at 31 December 2018 and 800,000 as at 31 December 2017.

3. Dividends were issued to the fullest extend available from current year profits.

REQUIRED:

Prepare the statement of cash flows for FB Ltd for the year ended 31 December 2018, using the indirect method, in accordance with IAS7.