Melanie Ltd requires a Statement of Cash Flows to be prepared for the year ended 31 March 2017; the following information has besn provided for this purpose. As at 31 March Cash Accounts receivable Inventor Prepaid operating expenses Plant and Equipment Accumulated de Accounts pavable Long term liabilities Share capital Retained profits 2017 $55 000 20 000 15 000 5 000 317 000 14 000 34 000 130 000 70 000 164 000 2016 33 000 30 000 10 000 1 000 70 000 6 000 20 000 20 000 50 000 48 000 ation For the vear ended 31 March Sales Less e $507 000 nses COGS 150 000 9 000 42 000 3 000 111 000 192 000 47 000 $145 000 eciation e Interest e Loss on sale of e ent ses Profit before tax Less Income tax expense Profit after tax Additional information (i) During the year ended 31 March 2017 an item of equipment, which originally cost $8 000 was sold. (ii) Melanie Ltd uses the direct method for presenting cash flows from operating activities. (ii) Classify any dividends paid and interest paid as cash flows from financing activities. iv) Sexeral items of plant and equipment were purchased during the year ended 31 March 2017; a long-term liability of $110 000 was specifically arranged for the purchases. Required Prepare a Statement of Cash Flows for Melanie Ltd, for the year ended 31 March 2017, in accordance with NZ IAS 7 Statement of Cash Flows. A reconciliation is required to be prepared GST is not applicable. All workings, in the form of selected general ledger accounts, must bs proxided