The following are extracts from the financial statements of Sparrow Ltd for the year ended 31 December 2012. Statement of Comprehensive Income 000s Profit before tax 2,408 620 Profit for the year 1.788 Statement of Financial Position 000s 2012 2011 Non- Current assets Property, Plant & Equipment 7.265 5.760 Current Assets Inventories 3,604 3,720 Trade Receivables 5,001 4,896 Bank Current Liabilities Trade Payables 544 8.605 9,160 1,854 2,072 Bank Overdraft 116 Taxation 620 856 Dividend Payable 600 500 3.190 3,428 Total Assets less current liabilities 12,680 11,492 Equity Share Capital 10,000 10,000 Retained Earnings 2.680 1,492 12,680 11.492 Additional information: 1. In arriving at profit before tax, depreciation for the year of 3,905,000 had been charged. 2. Dividends of 600,000 had been declared on 15 December 2012. Required Prepare a statement of cash flows for the year ended 31 December 2012 as required by IAS7 using the indirect method to calculate cash flows from operating activities