Sharma plc's draft income statement for the year ended 31 December 2012 and balance sheets at 31 December 2012 and 31 December 2011 were as follows: e Sharma plc Statement of Comprehensive Income for the year ended 31 December 2012 0005 Sales 360 Distribution and administrative expenses 186 Operating profit 174 Interest payable 14 Profit before tax 160 Taxation 62 Profit for year 98 2011 Statement of Financial Position as at 31 December 2012 000 2012 Fisced assets Property, plant and equipment at cost 798 Depreciation 159 639 Current assets: Stock 12 Trade debtors 33 Bank deposit account 780 112 668 10 25 Current liabilities: Bank overdraft Trade creditors Taxation 10 6 51 : I aes Net current assets Long-term loans 541 Share capital (1 shares) 180 Share premium 18 Profit and loss 343 541 In addition, the following information is available. 1. Included within distribution and administration expenses were: Depreciation 59,000 Loss on disposal 9,000 2. During the year, the company paid 45,000 for a new piece of machinery. 245 427 Required Prepare a cash flow statement for Sharma plc for the year ended 31 December 2012 as required by IAS 7, using the indirect method to calculate cash flows from operating activities