Consider the following balance sheets for ABC Ltd (expressed in ):

Question 3 Consider the following balance sheets for ABC Ltd (expressed in ): 31/12/2019 31/12/2018 non-current assets: PPE at cost 170,000 72,000 120,000 50,000 accumulated depreciation PPE 98,000 70,000 current assets: inventories receivables 42,510 22,500 31,630 2,400 22,500 19,600 22,500 1,200 cash prepaid rent current liabilities: legal cost provision payables electricity accrual non-current liabilities: 3,000 36,240 2,900 47,200 1,400 bank loan 34,000 65,000 20,000 7% bonds equity: share capital retained profits 40,000 29,900 40,000 13,200 And the following income statement for the year ended on 31/12/2019 (expressed in ): sales revenue 155,870 54,600 cost of sales gross profit wages marketing expenses electricity expenses depreciation rent expenses 101,270 25,610 7,840 6,870 22,000 14,500 operating profits change in legal cost provision interest expenses 24,450 3,000 4,750 profits for the year 16,700 Prepare the cash flows statement for the year to 31/12/2019 using the IAS format. Discuss the main sources and uses of cash of the company during the year