Permata Berhads Statement of Comprehensive Income and Statement of Financial Position are given below.

Statement of Comprehensive Income for the year ended 31 December 2019
	$000
Revenue (Sales)	1,440
Cost of goods sold	(140)
Staff cost	(180)
Depreciation	(200)
Loss on sale of plant	(30)
	890
Interest expense	(40)
Gain on sale of investment	25
Income from investment	50
Profit before taxation	925
Taxation	(210)
Profit after taxation	715
Other Comprehensive Income
Surplus on revaluation of land	100
Total comprehensive income	815

Statement of Financial Position as at 31 December 2019
	2019		2018
	$000		$000
Equity
Ordinary shares	1,320		1,100
Revaluation reserve	210		110
Retained earnings	913		320
Non-Current Liabilities
8% Debentures	400		450
6% Redeemable preference shares	500		550
Current Liabilities
Bank overdraft	80		120
Trade payables	55		42
Tax payable	10		25
Total Equity and Liabilities	3,488		2,717
Non-Current Assets Land and building (revalued)	1,750		1,650
Accumulated depreciation building	(120)		(110)
Plant and machinery carrying value	1,170		790
Development expenditure	478
Investment	110		280
Current Assets
Inventories	40		56
Trade receivables	33		20
Cash in hand	27		31
Total Assets	3,488		2,717

Additional information:

1. Dividends paid during the year on preference shares were $50,000 and on ordinary shares were $72,000.

2. A plant was disposed of for $200,000. Its carrying amount was $230,000.

3. Land was revalued and surplus on revaluation was $100,000. No property was acquired or disposed during the year.

4. There was no amortization of development expenditure.

5. No new investments were acquired.

6. Preference shares and debentures were redeemed. No premium was paid for the redemption.

Required:

Prepare the Statement of Cash Flows for Permata Berhad for the year ended 31 December 2019 using the Direct Method. (50 marks)