Prepare the Cashflow Statement for the year ended December 31, 2017. At the beginning of the year cash and cash equivalents represents an amount of $120,000 Net Profit before tax & extraordinary items $200,000 and Bad debt expense and Provision for Tax $70,000. During the year the company managed to raise extra money from long term borrowings $100,000 Depreciation on machinery $206,000 Loss on sale of machinery $4,000 There was an increase in inventories $90,000 and a decrease in trade payables $50,000 Operating profit after working capital changes The company paid taxes in the amount $60,000 There was an extensive purchase of Machinery $630,000 Sale of machinery $20,000 Purchase of Goodwill $200,000 Issue of share capital $500,000