Notes: (i) Equipment which had cost 30,000 during the year to 31 July 2017 was sold in February 2020 for 10,000. The company depreciates equipment at 20% per annum on cost with a full charge in the year of acquisition and none in the year of disposal. (Some of the equipment was over five years old on 31 July 2020). (ii) Non-current asset investments which had cost 25,000 some years previously were sold during the year for 21,000. (iii) Dividends received during the year were 5,000. Dividends totalling 100,000 were paid during the year. (iv) The 14% debentures were issued many years ago and are due to be redeemed on 1 January 2021. A fresh issue of 12% debentures was made on 31 July 2020. (v) Interest paid during the year (including debenture interest) was 8,000. All interest was paid on the due date and no interest was accrued at either the start or the end of the year. No interest was received during the year. (vi) Taxation shown as a liability on 31 July 2019 was paid during the year to 31 July 2020 at the amount stated. (vii) In January 2020 , the company issued 50,0001 ordinary shares at a premium of 60p per share. Required: (a) Calculate the company's profit before tax for the year to 31 July 2020. (b) Prepare a statement of cash flows for the year to 31 July 2020 in accordance with the requirements of IAS7 (using the indirect method). (c) Reconcile the total cash and cash equivalents shown by the statement of cash flows to the equivalent figures shown in the opening and closing statements of financial position