Prepare the statement of cash flows for 2015 using indirect method. (19 marks)

Kelvin Berhad Comparative Balance sheets December 31 2014 2015 RM Kelvin Berhad Income statement For the year ended December 31, 2015 Assets RM Sales revenue Gain on disposal of plant assets RM RM 392,780 5000 397,780 Equipment Accumulated depreciation - cquipment Long-term investment Prepaid expenses Inventory Account receivable Cash Bank 265,000 242,500 47000) (52,000) 140,000 114,000 29300 26,000 112,500 102,850 92,800 33,000 50,000 40,000 50,350 8,400 692,950 514,750 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Net income 35,460 12,410 45,000 27,280 4,730 224,880 172,900 Total Assets Liabi and Equit Account payable Accrued expenses payable Bond payable Common stock Retained earming Total Liability and Equity 112,000 67,300 16,500 17000 110,000 150,000 220,000 175,000 234,450 105,450 692,950 514,750 Additional information: 1. New equipment costing RM80,000 was purchased for cash during the year. 2. Old equipment having an original cost RM57,500 and accumulated depreciation of RM50,000 was sold for RM12,500 cash. 3, Bond payable matured and were paid off at face value for cash. 4. A cash dividend of RM43900 was declared and paid during the year