KGOTSO CO INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 P'000 P'000 Sales 720 Raw materials consumed 70 Staff costs 94 Depreciation 118 Loss on disposal of non-current asset 18 300 Operating profit 420 Interest payable 28 Profit before tax 392 Taxation 124 Profit for the year 268 KGOTSO CO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 2020 P'000 P'000 Non-current assets 1,596 1,560 Cost (318) (224) Depreciation 1.278 1.336 Current assets Inventory 24 20 Trade receivables 76 58 Bank 48 56 148 134 Total assets 1.426 1.470 Equity and liabilities Equity Share capital 360 340 Share premium 36 24 Retained earnings 716 514 1,112 878 Non-current liabilities Long-term loans 200 500 Current liabilities Trade payables 12 6 Taxation 102 114 Total equity and liabilities 1426 1.470 Additional information: i. Dividends paid were P66,000. ii. During the year, the company paid P90,000 for a new piece of machinery. Required: Prepare the statement of cash flows for Kgotso Co for the year ended 31 December 2021 using the indirect method