The drafted statement of profit and loss of ABC Ltd for the year ended 31 December 2016 and statement of financial position as at 31 December 2016 are as follows: $000 $000 Sales Cost of sales Gross profit Selling & distribution expenses Administrative expenses 6,000 4,000 2,000 405 2701 (675) 1,325 Interest payable - on debenture - on lease Dividend received from investment Profit before taxation Taxation (30) (30) 201 1,285 (350) 9351 Dividend Retained profit for the year (420) 5151 Statement of financial position 2015 2016 $0001 $0001 1,350 1,200 Fixed Assets Intangible asset (net) Plant and machinery |- Cost Accumulated depreciation Investment 1,990 (678) 440 3,102 2,4401 (693) 500 3,4471 Current Assets Stock Trade debtors 1,4401 1,2521 1,600 1,6201 Cash 44 6141 2,736 3.834 323 225 Current Liabilities Tax payables Trade creditors Dividends Lease liability 708 664 198 2101 160 1.229 1,259 4,609 6,022 Share capital Retained earnings 10% Debentures Deferred tax Lease liability 3,000 1,199 200 3,498 1,714 290 2101 3001 2201 4,609 6,022 The following information is available for the year ended 31 December 2016: a. A machine costing $220,000 on which depreciation of $83,000 had been provided was sold during the year at a profit of $10,000. b. A new machine was acquired during the year for $500,000 through lease agreement. The rental paid during the year amounted to 150,000, of which interest element was 30,000 c. No additions to intangible assets were made during the year. d. A rights issue was made during the year of one new ordinary share of $1 each for every ten shares held. Required: Prepare a statement of cash flows of ABC Ltd for the year ended 31 December 2016 using indirect method