Question 2 Cash Flow Statement The following information relates to Hunter a small private company. It consists of an opening statement of financial position as at 1 April 203 and a listing of the company's ledger accounts at 31 March 204 after the draft operating profit before interest and tax (of $17,900) had been caiculated. HUNTER STATEMENT OF FINANCIAL POSITION AS AT 1 APRIL 20xG Ledger accounts Notes: a. There were no disposals of land and buildings during the year. The increase in revaluation reserve was entirely due to the revaluation of the company's land. b. Plant with a net book value of $12,000 (cost $23,500 ) was sold during the year for $7,800. The loss on sale has been included in the profit before interest and tax. c. Investments with a cost of $8,700 were sold during the year for $11,000. The profit has been included in the profit before interest and tax. There were no further purchase of investments. d. On 10 October 203 a bonus issue of 1 for 10 ordinary shares was made utilizing the share premium account. The remainder of the increase in ordinary shares was due to an issue for cash on 30 October 203. e. The balance of the taxation account is after the settlement of the provision made for Bequired: From the above information, prepare a statement of cash flows for Hunter using the indirect method in accordance with IAS7 Statement of Cash Flows for the year ended 31 March 204