QUESTION 4 The Statements of Financial Position of Falmouth Limited at 31 December 2018 and 2019 are as follows. 31 Dec. 2018 31 Dec. 2019 s S 334.000 356.000 Non-Current Asset (NBV) Current Assets: Inventory Receivables Bank 64.000 38,000 60.000 91.000 13.600 436,000 520,600 200,000 250.000 25.000 186,600 160,600 Share Capital and Reserves SI Ordinary shares Share premium Retained Earnings Current Liabilities: Payables Proposed dividends Taxation Bank 29.000 16.000 14.000 26.000 18,000 14,000 17.400 436,000 520,600 QUESTION 4 (Continued) The summarized Statement of Comprehensive Income for the two years ended 31 December 2018 and 2019 are as follows: 31 December 2018 31 December 2019 $ $ Gross Profit 275,784 247.400 Expenses (152,784) (216 600) 25 200 profit on sale of fixed asset 123.000 56 000 Net profit before tax (18.000) (14000) Taxation 42.000 105.000 Net profit after tax The following information is also available: 1. Non-Current Asset sold during the year cost $68 000, was sold for $27,600 and had accumulated depreciation thereon of $65.600. 2. The increase in the share capital was due to a rights issue 3. The company bought fixed assets (non-current assets) at cost $108 000 during the year. 4. A proposed dividend for 2019 of $16000 was declared. REQUIRED: Prepare a Statement of Cash Flows for Falmouth Ltd for the year ended 31 December 2019 (as per IAS 7 revised) (25 m