Limited is furniture retailer of innovative accessories for home in.

The post-closing entry trial balance for the year ended 30 September 2018 and the closing entry trial balance for the year ended 30 September 2019 are shown below.

2020. 2019

Limited Trial Balance at 30 September					Dr	Cr
Plant and equipment					350 000	300 000
Cost Accumulated depreciation					550 000 (200 000)	400 000 (100 000)
Investments					150 000	-
	Accounts receivable				180 000	160 000
Inventory					250 000	180 000
Investment income receivable					20 000	10 000
Bank					60 000	40 000
Loss on sale of investment					20 000	-
Interest expense					50 000	40 000
Taxation expense					100 000	70 000
Dividends declared					40 000	40 000
					1 220 000	840 000
Share capital					190 000	100 000
Long-term loan					400 000	300 000
Accounts payable					120 000	60 000
	Dividends payable				20 000	40 000
	Tax liability				30 000	10 000
Interest payable					10 000	40 000
Operating profit					290 000	190 000
Investment income					20 000	-
Retained earnings opening					140 000	100 000
					1 220 000	1 220 000

Additional information

1. Depreciation 120 000 on the plant and equipment was expensed during 2020.
2. Plant and equipment with a cost of 50 000 were sold during the year and a loss of 10 000 was incurred.
3. An investment acquired for 30 000 during the year was disposed of before the year end.
4. Long term loans of 100 000 were repaid during the year.

You are required to:

Prepare a statement of cash flows for Limited for the year ended 31 December 2020, using the indirect method.