Ruds Balance Sheets at 30 June 2003 and 2004 were as follows At 30 June 2003 At 30 June 2004 S000 5000 5000 5000 5000 5000 Tangible fixed assets (note 1) 350 Current assets Stock Debtors Bark als SM 18 Creditors, amounts due within one year Creditors Proposed dividend Net current assets Total assets less current liabilities Creditors amounts due after one year 10% Debentures 2002 - 2005 219 Capital and reserves Ordinary shares of $1 fully paid Share premium General reserve Retained profit IS863 1. Tangible fixed assets Total Freehold property 5800 1000 Plast and machinery 5000 230 302 Motor vehicles 5000 140 250 3000 1370 552 2 100 497 305 162 At cost At 30 June 2003 Additions Disposals At 30 June 2004 Provisions for depreciation At 30 June 2003 Depreciation on disposals Decreciation for the year At 30 June 2004 540 RIBB38 TRESS E nga: KBE Netbook values al 30 June 2004 2. Proceeds from the sales of foved assets were S000 Plant and machinery 10 Motor vehicles 6. 200 000 ordinary shares of S1 were issued on 1 July 2003 at a premium of 0.125 per share 7. An interim dividend of $0.03 per share was paid on 1 November 2003 & The directors propose to pay a final dividend of $0.05 per share for the year ended 30 sure 2004 on 1 January 2005 9. $40 000 of debentures were redeemed at par on 31 December 2003 10.interest on the debertures is paid each year on 30 June and 31 December REQUIRED (a) Prepare cash flow statement using indirect method