Question AZ The son of a portion of Red Seed for the past two years and company's most recent comment se bo statement of comprehensive income for the year to 31 December 2020 000 Sales 0566 Costosas 7:274 Gross profit 6.094 Ganon disposal of protv.partand met Destion costs 0.705) Administratives (1,320 Finance costs. Weston (1010 Profit before taxation 3.059 Tax 11.04 Profit for the year 2015 Page 11 Semester 1 - 2012 GER Statement of financial polion as of 31 December 2020 2020 2011 Assets E000 2000 Noncurrentes Property, plant and 65.000 SE000 Inno Tradorec Chand 1022 116 200 21 70.273 Totales 3.575 2019 2020 000 E000 Assets Non-current assets Property, plant and equipment 68,091 38.000 1,033 Current assets Inventories Trade receivables Cash and cash equivalents 1,022 1.160 200 300 2.182 70.273 1.533 39.533 Total assets Equity Ordinary share capital Share premium Retained earnings 40,000 10,000 3,015 53,015 20.000 7,000 1,150 28.150 Liabilities Non-current liabilities Bank loans 11,000 8,403 Current liabilities Trade payables Current tax liability Bank overdraft 1.370 1,850 3,038 1.350 1 630 6,258 70,273 Total equity and liabilities 2,980 39,533 The following information is also available in relation to the year to 31 December 2020 The total depreciation charge for the year was 8,000,000 Page 6 of 11 Semester 1 - 2021/22 C38FR li Property, plant and equipment costing 19,000,000 with accumulated depreciation of 7.000.000 was sold during the year at a profit of 4,000,000 IT Al sales and purchases were on credit. Other expenses were paid for in cash Dividends totalling 150,000 were paid during the year Required: Prepare a statement of cash flows for Red Sea Lid for the year to 31 December 2020, in accordance with the requirements of accounting standard IAS 7 and using the direct or indirect method Show all your workings