Armagh Ltd The Statements of Profit and Loss for the year ended 31 December 2021 and the Statement of Financial Position of Armagh Ltd as at 31 December 2020 and 2021 and are set out below: Armagh Ltd Profit and loss account for the year ended 31 December, 2021 Revenue 41,081 Cost of sales (17,269) Gross profit 23,812 Operating expenses, including depreciation (13,891) Gain on the sale of fixed asset (Note 2) 400 Profit before interest and tax 10,321Interest expense (675) Profit before tax 9,646 Taxation (2,361) Profit for the year 7,285 Armagh Ltd. Statement of Financial Position as at 31 December 2021 2020 Non Current assets Land (Note 3) 4,500 3,000 Plant and machinery (Note 2) 22,532 10,446 Accumulated depreciation on plant and machinery (8,037) (5,892) 18,995 7,554 Current Assets Inventory 17,493 10,524 Trade receivables, net 8,495 7,288 Prepayments 822 696 Investments (Note 1) 1,000 1,500 27,810 20,008 46,805 27,562 Share capital and reserves Share capital 15,875 12,000 Revaluation reserve 1,000 - Retained earnings 6,793 908 23,668 12,908 Non current liabilities 10% Debentures 4,500 6,000 Current liabilities Trade payables 4,500 4,000 Taxation payable 2,079 378 Dividends payable (Note 5) 950 1,244 Bank overdraft (Note 4) 11,108 3,032 18,637 8,654 46,805 27,562 Notes 1. The current asset investment represents government bonds which are traded on an active market. 2. During the year the company disposed of a piece of plant which cost 3,500 and had a net book value of 900. 3. A piece of land was revalued during the year - there were no disposals of land during the year. 4. The companys bank overdraft is repayable on demand and is considered to be a component of its cash balance. 5. The company declared dividends of 1,400 during the year. Required: Prepare the cash flow statement of Armagh Ltd for the year ended 31 December 2021, together with the related notes, in accordance with IAS 7 Cash Flow statements