QI. CASH FLOW STATE Set out below are the financial statements of Emma, a limited liability company. You have been asked to prepare the company's statement of cash flows, implementing IAS 7 Statement of cash flows. EMMA STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2020 Sales revenue Cost of sales Gross profit Distribution costs Administrative expenses Operating profit Interest received Interest paid Profit before tax Income tax expense Profit for the year GHC'000 2.553 1.814 739 (125) (264) 350 25 (75) 300 (240) 60 EMMA STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 GHC'000 2020 GHc'000 Non-current assets Tangible assets Intangible assets Investments Current assets Inventories Receivables Short-term investments Cash in hand Equity and liabilities Share capital (GHcl ordinary shares) Share premium account Revaluation surplus Retained earnings Non-current liabilities Long-term loan Current liabilities Trade payables Bank overdraft Taxation .19 98 240 457 1,222 948 ,