Statement of Financial Position Information as at 31 December 2015 and 2016 Ordinary Shares Capital (R1) 2015 (R) 2016 (R) 400 000 500 000 Preference Share Capital (R0.50) 100 000 100 000 Share Premium 15 000 17 500 Retained Earning 25 000 115 000 Long Term Loan from AB bank 90 000 60 000 Land and Buildings at cost 300 000 320 000 Machinery and Equipment at cost 130 000 80 000 Machinery and Equipment: Accumulated Depreciation 43 000 49 000 Fixed Deposits (at Standard bank) 35 000 50 000 Inventory 31 000 50 000 Trade Debtors 40 000 35 000 Bank (Dr) Petty Cash Cash in Hand Trade Creditors Bank Overdraft 115 000 5 000 5 000 4 500 18 000 25 000 2 000 Income tax payable Shareholders for dividends Interest Payable 15 000 13 000 15 000 25 000 5 000 6.000 Extract of items disclosed in the Statement of Comprehensive Income for the year ended 31 December 2016: Item Amount (R) 13 000 Interest Income from fixed deposits Loss of sale of machinery and equipment Depreciation Charge for the year Interest on long term loan Income tax expense Profit for the year Ordinary dividends Preference dividends 29 000 1500 14 000 47 000 90 500 20 000 6 000 Additional Information: 1) No machinery and equipment were purchasing during the financial year. Machinery and equipment were sold for R85 500 of which R45 500 was on still outstanding. 2) The new property which was acquired is situated at Site 100 Thabo Sehume, Pretoria. The company plans to use it as its warehousing sites. 3) Inventory is recorded at cost. 4) The shares issued in March 2016. Required: Prepare the Statement of Cash Flows for ABC Pty Ltd for the year ended 31 December 2016 in compliance with the requirements of GAAP as stipulated in IAS 7.