From the Statement of Comprehensive Income and Statement of Financial

Position of Bright Limited.

Statement of Comprehensive Income for the year ended Dec. $31,2014$

Ghc

Ghc

Sales

$72,000$

Cost of sales

$-$

$7,000$

Gross profit

$65,000$

Staff costs

$9,400$

Depreciation

$11,800$

Loss on disposal of non

current

assets

$1,800$

$23,000$

Profit before interest and tax

$42,000$

Interest payment

$-$

$2,800$

Profit before tax

$39,200$

Taxation

$-$

$12,400$

Profit for the period

$26,800$

Statement of Financial Position as at Dec. $31,2014$

$2014$

$2013$

Noncurrent assets

Ghc

Ghc

Plant & machinery

Cost

$159,600$

$156,000$

Depreciation

$31,80022,400$

Total noncurrent assets

$127,800$

$133,600$

Current assets

Inventory

$2,400$

$2,000$

Trade receivables

$7,600$

$5,800$

Bank

$4,800$

$5,600$

Total current assets

$14,800$

$13,400$

Total assets

$142,600$

$147,000$

Equity and Liabilities

Equity

Share capital

$39,600$

$36,400$

Retained earnings

$71,600$

$51,400$

Total equity

$111,200$

$87,800$

Noncurrent liabilities

Debentures

$20,000$

$50,000$

Total of noncurrent liabilities

$20,000$

$50,000$

Current liabilities

Trade payables

$1,200$

$600$

Taxation

$10,200$

$8,600$

Net current assets

$11,400$

$9,200$

Total equity and liabilities

$142,600$

$147,000$

Notes:

$$

During the year, the company paid Ghc$9,000$ for a new piece of machinery.

$$

Dividends paid during $2014$ totalled Ghc$6,600$ and interest paid was Gh$2,800.$

$$

You are required to prepare a statement of cash flows for Bright Limited for the

year ended December $31,2016$ in accordance with the requirements of the

indirect method.