The condensed trial balances of B Ltd at 31 December 2012 and 2013 are as follows:	2013	2012
Debits
Property	$1 750 000	$1 400 000
Motor vehicles	$ 436 000	$ 410 000
Machinery	$ 385 000	$ 370 000
Inventory	$ 178 000	$ 154 000
Trade and other receivables	$ 214 000	$ 220 000
Cash in bank	-	$ 76 000
Other financial assets: investments at fair value	$ 20 000	$ 40 000
	$2 983 000	$2 670 000
credits
Ordinary share capital	$400 000	$300 000
Share premium	$ 40 000	$ 30 000
Revaluation of property	$200 000	-
Reserve for asset replacement	$20 000	$10 000
Retained earnings	$991 000	$ 870 000
Interest free loan	$900 000	$1 100 000
Accumulated depreciation motor vehicles	$76 000	$54 000
Machinery	$141 000	$120 000
Trade and other payables	$139 000	$142 000
Bank overdraft	$ 8 000	-
Tax payable	$ 44 000	$ 28 000
Dividends payable (ordinary)	$ 24 000	$ 16 000
	2 983 000	2 670 000
Revenue	$750 000
Cost of sales	($300 000)
Gross profit	$450 000
Other income	$4 000
Administrative and selling expenses	($208 000)
Other expenses	($6 000)
Profit before tax	$240 000
Income tax expense	($85 000)
Profit for the year	$ 155 000
Other comprehensive income	-
Profit on revaluation of land	$204 000
Total comprehensive income for the year	$359 000

2. Extract from the statement of changes in equity for the year ended 31 December 2013.

	Reserve for asset replacement	Retained earnings	Total
Profit for the year		$155 000	$ 155 000
Dividends declared Transfer to reserve	- $10 000	($24 000) ($10 000)	($24 000)

3. A new motor car was purchased for $54 000. An old vehicle was sold at its carrying amount on 31 December 2013. 4. A machine with a carrying amount of $60 000 and on which $51 000 had already been written off in depreciation was traded in for $54 000 and replaced with a new machine. 5. Depreciation for the current year is : Vehicles $48 000, and Machinery $72 000 6. The investment was sold on 28 February 2013 for $24 000. Required Prepare the statement of cash flows for B Ltd for the year ended 31 December2013 using the direct method.