Condensed financial data of Rainbow Sdn Bhd follow: 2016 RM 2017 RM Assets Cash & bank 95,000 Accounts receivable (net) 86,800 Inventory 121,900 Investments (long term) 84,600 Plant and equipment 250,000 Accumulated depreciation - plant and equipment (49,500) Total assets 588,800 47,250 57,000 102,650 87,000 205,000 (40,000) 458,900 Liabilities and Equity Accounts payable Accrued expenses Debentures Ordinary shares Retained earnings Total liabilities and equity 52,700 12,100 100,000 250,000 174,000 588,800 48,280 18,830 70,000 200,000 121,790 458,900 Other data extracted from Rainbow's statement of profit or loss for the year ended 30 June 2017 is provided below: RM RM Sales 300,000 Gain on sale of equipment 8,750 308,750 Less: Cost of goods sold 99,460 Operating expenses 14,670 Depreciation expense 49,700 Interest expense 5,440 Income tax 7,270 (176,540) Profit 132,210 Additional information: New equipment and machinery were purchased for cash during the year. Investments were sold at cost. Equipment costing RM47,000 was sold for RM15,550, resulting in a gain of RM8,750 Cash dividend was declared and paid during the year. Accounts payable pertain to inventory creditors. Required: Prepare the Statement of Cash Flows for the year ended 30 June 2017 with the indirect method. (19 marks)