The BGD Co. had the following data at the end of 2018:

Balance Sheet as at December 31

2017 2018

Non-current Assets Cost Depn NBV Cost Depn NBV

Goodwill 100,000 50,000

Building 260,000 260,000 260,000 260,000

Equipment 210,000 15,000 195,000 290,000 35,000 255,000

Current Assets

Stock 22,000 20,000

Short Term Investment 15,000 30,000

Debtors 22,000 13,000

Bank 10,000 0

Cash 12,000 81,000 9,000 72,000

636,000 637,000

Equity & Liabilities

Capital & Reserve

Share Capital ($1 Ord Shares) 220,000 200,000

Share Premium 15,000 15,000

General Reserves 37,000 47,000

Retained Earnings 121,000 393,000 257,000 519,000

Non-Current Liabilities

10% Debenture 202,000 47,000

Current Liabilities

Creditors 17,000 24,000

Bank overdraft 0 6000

Tax Payable 14,000 20,000

Dividends 10,000 41,000 21,000 71,000

636,000 637,000

Condensed Income Statement

Sales 950,000, Gross profit 550,000, profit before tax 325,000, tax (145,000), profit after tax 180,000, dividends (34,000), transfer to reserve (10,000), profit for the year 136,000, retained earnings b/d 121,000, retained earnings c/d 257,000

Notes: During the year equipment costing 40,000 with a book value of 30,000 was sold for 35,000. Please note that PBIT for the year is $329,700 and the tax paid in the current year is $139,000 (you do not need to compute these amounts)

Required: Prepare the cash flow statement for the year.